Auto repair shops, car dealers, and automotive service businesses need specialized financing for equipment, inventory, and expansion.
The automotive industry encompasses a wide range of businesses — from independent repair shops and dealerships to tire centers, collision repair shops, and specialty service providers. Each faces unique capital demands: diagnostic equipment that costs as much as a luxury car, inventory of parts and tires, customer vehicles awaiting repair, and the working capital needed to run a business where payment cycles can stretch from 30 to 90 days. Traditional lenders often don't understand automotive business models, leaving well-run shops underfunded. GrowthX Capital has funded hundreds of automotive businesses and understands the nuances of this industry.
Equipment financing for lifts, diagnostic tools, and shop equipment; inventory financing for parts dealers; and lines of credit for working capital management are our most popular automotive products. We also offer term loans for expansion projects and major equipment purchases.
Yes. We finance all types of automotive shop equipment including lifts, diagnostic scanners, alignment machines, air conditioning service equipment, and tire changers. The equipment serves as collateral.
Yes. We offer inventory financing for used car dealers, allowing you to stock more vehicles without tying up your working capital in inventory.
If you work with insurance companies or fleet customers, invoice financing can bridge the gap between completing repairs and receiving payment — which can sometimes take 60–90 days through insurance processors.
We consider the overall health of your business, not just your personal credit score. Many automotive business owners with credit challenges have been approved based on strong business revenue.
Yes. We work with both independent automotive businesses and franchise operations. Established franchise systems often qualify for larger funding amounts.
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