Key Takeaways
- TPS auto repair shop owners qualify based on monthly shop revenue
- Lift equipment, diagnostic tools, and bay expansion all fundable
- Working capital covers parts inventory and payroll between large jobs
- No green card or SBA eligibility required
- 48-hour decisions — expand your shop's capacity to capture more business
Auto repair shops owned by TPS holders — particularly Salvadoran, Honduran, and Guatemalan entrepreneurs — are trusted community institutions in cities from Houston to Northern Virginia. Many started as solo mechanics working in customer driveways, built clientele through word of mouth, and eventually opened shops with 2-6 bays. A well-run auto repair shop with 4 bays can generate $400,000-$800,000 annually, with relatively predictable revenue tied to local vehicle ownership rates.
Capital needs for auto repair businesses are substantial: a single two-post lift costs $3,000-$8,000, a four-post alignment rack runs $15,000-$30,000, and a full suite of diagnostic equipment can exceed $50,000. Bankable funds these investments based on your shop revenue, not your citizenship status.
Auto Repair Shop Funding Products
- Equipment financing: Vehicle lifts, alignment racks, tire changers, balancers, diagnostic scanners, and welding equipment
- Working capital: Parts inventory, payroll during slow months, and supplies
- Bay expansion: Fund the construction or lease improvements to add additional service bays
- Fleet service contract capital: Mobilize for a commercial fleet account with upfront parts inventory
- Shop acquisition: Purchase an existing auto repair shop from a retiring owner
Frequently Asked Questions
Yes. Bankable funds auto repair shops based on shop revenue. No green card required.
Lifts, alignment racks, tire changers, balancers, diagnostic equipment, welding machines, compressors, and any other shop equipment. Equipment serves as collateral.
Typically $25K-$750K depending on revenue and purpose. A shop doing $40K/month can often access $80K-$200K.
Yes. Business acquisition financing is available for TPS holders purchasing an existing auto repair business. The shop's revenue history and asset value are key evaluation factors.
Bay expansion capital — including leasehold improvements and equipment — is a common use case. We can fund the expansion in phases tied to your projected revenue increase.
No. Most shop financing is unsecured or equipment-secured. Real estate ownership is not required.
A large fleet account requires upfront parts inventory. Bankable can advance working capital against a signed fleet contract so you can onboard the account without draining your reserves.
Yes. Texas has a large TPS community with many auto repair shop owners, particularly in Houston and Dallas. Bankable funds Texas TPS auto shops.