Key Takeaways
- No green card required — mechanic certification + EAD qualify
- Fund diagnostic equipment, lifts, tools, and shop expansion
- Central American and Haitian mechanics dominate urban auto repair
- Revenue-based repayment fits service-based cash flow
- 48-hour decisions
Auto repair is a skilled trade that translates directly across borders. A Guatemalan or Salvadoran mechanic trained in San Salvador works with the same engines and transmissions in Houston or Los Angeles. Haitian mechanics serve immigrant and mainstream communities in Miami and Boston. Ethiopian technicians run specialty shops serving the DC metro. Many arrived as asylees, worked as employees for years, and now own their own shops — but face capital barriers when trying to grow.
The capital needs for auto repair are specific: lifts cost $15,000-$45,000 each; diagnostic equipment runs $5,000-$25,000; an alignment machine is $30,000-$60,000. These are not discretionary purchases — they determine what services your shop can offer and, therefore, your revenue ceiling. Bankable funds the equipment and working capital that expand your shop's capability.
What We Fund
- Vehicle lifts (2-post, 4-post, scissor)
- Diagnostic scanners and software subscriptions
- Alignment and balancing machines
- Air compressor systems and shop tools
- Parts inventory and supplier credit
- Shop expansion or second location
- Marketing and customer acquisition
Minimum: $15,000/month in shop revenue, 6 months operating, US business entity, EAD.
Frequently Asked Questions
Yes. Asylee shop owners with EAD, a US business entity, and $15,000+/month in shop revenue qualify for Bankable funding.
Yes. Equipment financing with the lift as collateral, or working capital for equipment purchases, are both available.
$15,000/month in shop revenue, 6 months operating, US entity, EAD.
Yes. Parts inventory purchasing is a common use of auto repair working capital.
Yes. Tire shops, brake specialists, transmission shops, and general auto repair all qualify.
Business bank statements, Mitchell1/ShopWare/Tekmetric reports, or point-of-sale records.
Yes. Multi-location expansion is funded. You need 6+ months of revenue from your existing shop.
Yes. Combined dealer-repair operations qualify based on total revenue.