Let us help you drive your Auto Repair business forward.
Running an automotive service business takes more than just technical know-how. It also requires access to capital. Whether you’re opening a new location, purchasing equipment, expanding your shop, or buying a building, we can help you access the financing you need to grow your business. The Bank of Edison lends to auto repair businesses throughout the southeast and midwest. Our experienced commercial lending team is here to guide you through every step of the process – from prequalification to closing.
Why Bank of Edison financing is a smart fit for Auto Repair Businesses?
Auto repair businesses face some pretty significant challenges in today’s world, like rising equipment & technology costs, skilled labor shortages, unpredictable cash flow, and space limitations (especially for expanding businesses), just to name a few. Dealing with lenders who are reluctant to lend to small, independent shops is not in your best interest. We offer the financing you need to own, grow, and stabilize your business — with lower costs, better terms, and fewer roadblocks than many conventional lenders.
The Bank of Edison Difference
Why we’re the smart choice for Auto Repair businesses in the Southeast and Midwest:
Low Down Payment
We have commercial real estate loan products requiring as little as 10% down, preserving your cash flow for continued operations and capital investments.
Variable & Fixed Rate Options
We offer both variable and fixed rate products.
Lock in payments with fixed-rate financing
or…
Maintain flexibility with a variable-rate loan
or…
Maintain flexibility with a variable-rate loan
Maintain flexibility with a variable-rate loan
Longer Repayment Terms & No Balloon
Our real estate loans are termed out over 25 years, and unlike many conventional loans, they do not require balloon payments at the end of the term or carry burdensome loan covenants.
Real Estate Ownership Opportunities
We can help borrowers with limited history or collateral gain access to the financing they need. Let us empower you, as a business owner, to buy instead of lease and to begin building equity in your business.
Below are just some of the Southeast & Midwest Markets we serve
The Bank of Edison is actively providing financing for Auto Repair properties across the following major metropolitan and regional markets:
Southeast:
- Atlanta, GA
- Charlotte, NC
- Birmingham, AL
- Jacksonville, Tampa, Orlando & Miami, FL
- Memphis & Nashville, TN
- Greenville & Columbia, SC
- New Orleans, LA
- Houston, Dallas, Austin & San Antonio, TX
Midwest:
- Chicago, IL
- Cleveland, Columbus & Cincinnati, OH
- Indianapolis, IN
- St Louis, MO
- Kansas City, MO & KS
- Oklahoma City, OK
Even if your market isn’t listed above, we may still be able to help you out. We also lend in many rural markets.
If we can’t fund your loan directly, we may be able to refer to you a lender who can.
Interested in a commercial real estate loan?
Our team of experienced lenders is available to talk to you today. Reach out to us to find out how we can help.
Ready to start the process?
Fill out our online form to get the process started today.
The Bank of Edison does not lend in the following states – Arizona, California, Hawaii, Nevada, New York, New Jersey, North Dakota, South Dakota or Vermont