What financing is available for car dealerships?

Car dealerships can access acquisition financing, floor plan lines for inventory, real estate loans, equipment financing, and working capital. Dealership acquisitions typically range from $1M to $50M with terms of 10-25 years.

How does floor plan financing work?

Floor plan financing is a revolving credit line that allows dealerships to purchase vehicle inventory. As vehicles are sold, that portion of the credit line is repaid and becomes available again. Interest is only charged on outstanding balances.

Can I get financing for an auto repair shop?

Yes, auto repair shops can access equipment financing, real estate loans for facility purchase, working capital lines, and SBA loans for expansion. Financing ranges from $50,000 to $5M depending on the project scope.

Is financing available for car wash businesses?

Yes, car wash financing covers new construction, acquisitions, and renovations. Express and full-service car washes can access $250,000 to $10M with terms of 5-20 years. SBA loans offer competitive rates for qualified operators.

How quickly can automotive businesses get funded?

Automotive business loans can be approved in 24-72 hours with funding in 1-3 weeks for most products. Floor plan lines may take longer to establish but can be drawn upon immediately once approved.

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Automotive Industry

Automotive Industry Financing

Q: What are the requirements for automotive business financing?

Requirements typically include minimum 2 years in business, at least $500,000 in annual revenue, personal credit score of 650+, clean criminal and fraud history, and valid dealer licenses and permits.

From dealership acquisitions to repair shop expansions, we provide comprehensive financing solutions for every segment of the automotive industry.

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New Car Dealerships

Used Car Dealers

Auto Repair Shops

Collision Centers

Car Wash Facilities

Tire & Service Centers

Fleet Services

Auto Parts Stores

Fast Approvals

Decisions in 24-72 hours

Flexible Terms

Seasonal payment structures available

Auto Experts

Specialists who know the industry

Growth Focus

Capital for expansion and acquisitions

Financing Options

Automotive Financing Solutions

Comprehensive financing options designed for the automotive industry.

Dealership Acquisition

Purchase new or used car dealerships with competitive terms and quick closings.

Amount: $1,000,000 - $50,000,000

Terms: 10-25 years

Floor Plan Financing

Inventory financing for new and used vehicle dealerships.

Amount: $500,000 - $25,000,000

Terms: Revolving credit

Auto Repair Shop Loans

Equipment, real estate, and working capital for repair facilities.

Amount: $50,000 - $5,000,000

Terms: 2-20 years

Car Wash Financing

Build, acquire, or renovate express or full-service car wash facilities.

Amount: $250,000 - $10,000,000

Terms: 5-20 years

Success Stories

Automotive Financing Case Studies

See how we've helped automotive businesses achieve their goals.

$12,500,000

Multi-Brand Dealership Acquisition

Experienced auto dealer expanding portfolio

Challenge

Needed $12M to acquire dealership with tight timeline

Solution

Conventional financing with SBA backup option

Result

Closed in 45 days, increased annual revenue by $25M

$4,200,000

Express Car Wash Chain

Entrepreneur entering car wash market

Challenge

Build 3 express car wash locations in growing suburbs

Solution

Construction-to-permanent financing package

Result

All 3 locations profitable within 8 months of opening

Qualifications

Automotive Financing Requirements

We understand the unique financial needs of automotive businesses and have tailored our requirements accordingly.

Minimum 2 years in business

At least $500,000 in annual revenue

Personal credit score of 650+

Clean criminal and fraud history

Valid dealer licenses and permits

Ready to Accelerate Growth?

Apply online in minutes and get a decision within 24-48 hours. Our automotive financing specialists are ready to help.

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Drive Your Automotive Business Forward

Join hundreds of automotive businesses who have trusted Halo Business Finance for their growth.

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