Key Takeaways
- E-2 auto repair shop owners qualify for Bankable funding based on service ticket revenue and parts sales
- Equipment purchase, second location, and working capital for parts inventory are all eligible
- The March 2026 SBA rule change eliminated SBA access for non-citizen shop owners — Bankable fills the gap
- Korean, Mexican, Lebanese, and Dominican E-2 holders frequently operate auto service businesses
- Funding from $100K to $5M with 48-hour preliminary decisions
Auto repair and auto body are among the most stable US business categories — vehicle registration counts are near-record highs, repair costs are climbing, and the skilled labor shortage creates pricing power for established shops. Korean-American investors have a long history in auto service businesses, particularly in urban and suburban markets where vehicle density is high. Middle Eastern E-2 holders often combine auto service with parts retail or specialty vehicle work. Mexican E-2 investors operate tire shops, oil change centers, and general repair facilities serving their communities.
The auto repair business generates revenue through labor (service tickets) and parts markup. Labor hours are documented in your shop management system — Mitchell1, AllData, or similar platforms track every ticket. Parts purchases and sales are tracked in your parts management system. This creates clean, verifiable revenue documentation that Bankable can underwrite without complications from cash-heavy transactions.
Auto Repair Capital Uses
- Lift and equipment: Two-post lifts, four-post lifts, alignment machines, brake lathes, and diagnostic equipment
- Parts inventory: Stocking fast-moving parts to improve turnaround time and capture parts revenue
- Facility expansion: Adding bays, expanding the footprint, or moving to a larger location
- Second location: Opening a second shop in a new market based on existing shop revenue
- Working capital: Covering payroll and supplies during slower winter or summer periods
Equipment Financing
Fund lifts, alignment machines, and diagnostic equipment with asset-backed terms.
Learn More →Second Location Capital
Use your existing shop’s revenue as the foundation for your second location.
Learn More →Working Capital Line
Revolving access for parts inventory and payroll during seasonal fluctuations.
Learn More →Frequently Asked Questions
Yes. E-2 auto repair owners with documented service ticket and parts revenue qualify for Bankable funding. No green card required.
General auto repair, auto body, tire shops, oil change centers, transmission shops, and specialty vehicle service businesses.
We accept shop management system exports (Mitchell1, AllData), credit card processing statements, and bank statements showing customer payment deposits.
Yes. Auto repair equipment financing with the equipment as collateral is one of our most common products. Lifts and alignment machines typically qualify at favorable rates.
Most Bankable auto repair clients have $400K+ in annual labor and parts revenue. Higher-bay shops with documented volume qualify for larger amounts.
Yes. Parts inventory financing for fast-moving parts is available for established shops with documented purchase and sales history.
Yes. Second location buildouts are a common use case for E-2 auto shop owners with established first-location revenue.
Yes. Auto body and collision repair businesses with documented insurance and customer payment revenue qualify.