Business Loans and Financing for Auto Shops in Ontario

Auto shop owners in Ontario have been prospering as of lately. With over 13.6 million citizens in the province, there are more and more auto shops opening up regularly. In any business, it is crucial to manage one’s finances during the early stages. To do so, it is common to look towards auto shop financing in order to work with additional resources. With more financial resources, auto shop owners can finally pursue equipment upgrades, open up new locations, hire new employees, renovate their garage or simply pay off their expenses on time.

Traditionally, auto shop owners used to antagonize the application process for auto shop loans. It’s hard not to when you face insanely long application forms and no responses for weeks on end and then to find out that you weren’t even qualified in the first place. Our goal with Smarter Loans is to make this process more efficient and help auto shops like yours have the opportunity to work with trusted auto shop loan providers in Ontario.

We’ve curated a loan directory with the years of expertise that we’ve built throughout the years. To increase your chances to be approved for an auto shop loan, ensure that your garage has been servicing clients for at least 6 months and makes over $5000 a month in monthly revenue.

Our list below features some of these auto shop loan providers we stated above. Click the “Apply Now” button after you have selected an auto shop loan provider that fits your situation. The decision period is short and once you are approved, your loan would be deposited in your bank account in just a couple days. Sometimes it’s a lot of work to research through all of these providers, so instead you can pre-apply at Smarter Loans. One of our team members will hop on board and help you select an auto shop loan provider in Ontario that suits your needs.