Business Loans and Financing for Auto Shops in Toronto, Ontario

A lot of auto shops in Toronto, Ontario are reported to be doing well these past years. With the rise of online auto financing, auto shop owners have an alternative financial solution when they need one. Almost every entrepreneur understands that the financial side of a business is critical to their success especially if you are looking to doing renovations, signage, upgrading to new equipment or paying off bills and expenses. This is why the popularity of online auto financing has allowed Smarter Loans to help many applicants get established with our roster of auto shop loan providers. Through their flexibility and incredible offers, many auto shops in Toronto have gotten their feet off the ground as a result.

Trying to gain an approval for auto financing in Toronto, Ontario used to be a nightmare. The forms used to be extremely long and the lack of communication from the company’s end was incredible frustrating.

That’s why Smarter Loans digitized the entire application process in order to help new auto shops avoid these situations and make it the entire process stress-free. All it takes to maximize your chances for an auto shop loan approval from our providers is proof that your garage has been in operations for 6 months and has stable monthly revenue.

Consider our list below which encompasses some of Toronto’s most respectable auto shop loan providers. Review the options and when you are ready to apply, there is an “Apply Now” button next to the provider’s name. This will lead you to an application form which should only take up a short amount of your time. You can expect to see the money in a few days directly in your bank account if you do qualify. A side option you could pursue as well is pre-applying through Smarter Loans instead, where we can do the majority of the work for you. We’ll find you the most suitable auto shop loan provider in Toronto from the list with the information you provide.

Company
Amount
Interest Rate
Reviews
Terms
$5,000 - $250,000
Varies
3 - 18 months
$5,000 - $150,000
8% - 18%
6 - 24 Months
$5,000 - $100,000
Starting at 6.87%
3 - 18 Months
$5,000 - $250,000
Starting at 14%
6 - 24 Months
$10,000 - $300,000
Starting at 6.99%
4 - 18 Months
$5,000 – $500,000
Starting at 5.9%
3 – 60 Months
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$500 - $10,000
23% - 59.7%
6 - 24 Months
$2,000 - $10,000
Varies
12 - 60 Months
$500 - $10,000
19.99% - 46.99%
12 - 36 Months
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
$500 - $35,000
5.9% - 39.9%
12 - 60 Months
$2,000 - $10,000
43%
12 - 60 Months
$350 - $25,000
Varies
12 - 60 months
$500 - $10,000
46.93%
Open Line of Credit
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$100 - $1,500
Varies
Up to 2 months
$100 - $1,500
Varies by Province
Up to 62 days
Company
Amount
Interest Rate
Reviews
Terms
$5,000 and up
9.9% – 31%
24 – 84 months
$5,000 - $40,000
Starting at 2.9%
12 - 72 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$50,000 - Unlimited
Varies
Varies
$10,000 - $25,000
Varies
12 - 60 months
$50,000 - $100M
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$350 - $25,000
Varies
12 - 60 months
$50,000 - Unlimited
Varies
Varies
$50,000 - $100M
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
Company
Amount
Interest Rate
Reviews
Terms
No Lender found for Recreational Vehicles

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