Industry Authority Center
A broken lift means zero revenue. Banks see automotive as high-risk because your equipment depreciates and your income is transaction-based. MCA underwriters see daily card swipes, fleet account deposits, and consistent customers — exactly the kind of revenue stream that qualifies fast.
Auto repair shops qualify for MCA funding with 500+ FICO, $4,000–$6,000+/month in deposits, and 6+ months in business. No equipment or real estate collateral required. Decision in 2–4 hours. Funded in 24–48 hours. Funds can be used for lifts, diagnostic equipment, bay expansion, or any shop need.
Start with the path that matches your situation.
No restrictions on use — goes where your shop needs it most.
Guides for shop owners navigating equipment financing, bank declines, and MCA options.
Full comparison of speed, cost, collateral, and credit requirements. Includes a decision matrix for shop owners — when MCA wins and when SBA is worth the wait.
Read the Comparison →Banks classify automotive as high-risk. If your bank said no, this guide explains what underwriters actually look at, your realistic path to capital, and a 30-day recovery checklist.
Get the Guide →500 FICO minimum for MCA. Credit bands, what underwriters look at instead, and the step-by-step process for qualifying with a low score and strong monthly deposits.
Read the Guide →Complete explanation of how MCA works, what it costs, and how daily repayment from your shop's card deposits actually functions in practice.
Read the Guide →What a 1.28 factor rate means in dollars for your shop. How to compare two offers and calculate your daily holdback against typical repair shop deposit patterns.
Read the Guide →From application to funded — what happens at each step, what documents you need, and what to expect before and after applying.
See the Process →Average factor rates for auto repair shops: 1.27. What drives your rate up or down, and how to compare funder offers accurately before signing.
See Rate Benchmarks →Full comparison of cost, speed, approval requirements, and collateral. Covers what auto shop owners considering both bank loans and MCA need to know before choosing a product.
Compare Options →The 4 factors underwriters evaluate on every auto repair shop application.
Auto repair factor rates: 1.18–1.35 for strong profiles. Fleet account deposits and consistent card swipe revenue are viewed favorably by underwriters.
Same shop, two completely different underwriting conversations.
Common questions from shop owners about qualifying, amounts, and how MCA works for automotive businesses.
Yes. Auto repair shops qualify for MCA funding with 500+ FICO, 6+ months in business, and $4,000–$6,000+/month in business bank deposits. Underwriters evaluate card swipe payments, cash deposits, and fleet account payments — not your equipment value or property ownership.
Auto repair shop MCA funding typically ranges from $10,000 to $500,000 depending on average monthly deposits. A shop averaging $25,000/month may qualify for $18,750–$37,500. High-volume shops averaging $80,000+/month may qualify for $60,000–$120,000 or more.
No. MCA for auto repair shops does not require lifts, diagnostic equipment, tools, or real estate as collateral. Repayment comes from a daily percentage of your business bank deposits — typically 10–15%. No equipment liens, no title transfer, no property pledge.
Yes. Bank declines do not affect MCA eligibility. Many auto shops are declined by banks because the industry is viewed as high-risk and equipment depreciates too fast for collateral purposes. MCA underwriters look at your deposit volume — not your bank's risk classification.
Most auto repair applications receive a decision within 2–4 hours of submitting 6 consecutive months of bank statements. Funding is deposited within 24–48 hours of contract signing. Emergency shop funding can sometimes be same-day for complete applications submitted before noon.
Yes. MCA funds are unrestricted — you can use them for a new lift, alignment machine, tire changer, diagnostic scanner, air compressor, frame straightening equipment, bay expansion, or any other shop investment.
Underwriters evaluate four factors: (1) total monthly deposit volume from card swipes, fleet account payments, and cash, (2) NSF frequency — 0–2 per month preferred, (3) average daily balance — $1,000+ preferred, and (4) existing advance positions. Strong deposits compensate for lower credit scores in most cases.
One-page application. 6 consecutive months of bank statements. Decision in 24–48 hours.
500 FICO OK · No equipment collateral · $4K–$6K/month minimum deposits
Or call/text: 330-238-3003
T.A.G. Business Funding
Finance equipment and parts inventory now. Daily repayment adjusts with your cash flow.
500 FICO minimum · Funded in 1–3 days · No collateral required
