Diagnostic Equipment Costs
Modern vehicles require sophisticated diagnostic tools that cost $10K–$50K per unit. Falling behind on technology means losing customers to shops that invested.
Industries · Auto Repair & Service
Auto Repair Shop Loans & Financing. Upgrade your shop. Not your stress level.
Upgrade diagnostic equipment, expand bays, stock parts inventory. Funding forauto repair shops. 500+ FICO accepted.
At a glance
What financing is available for auto repair and service shops?
Upgrade diagnostic equipment, expand bays, stock parts inventory. Funding forauto repair shops. 500+ FICO accepted.
- Funding speed
- 24 Hours
- Min FICO
- 500+
- Min revenue
- $15K/mo
Last updated 2026-06-24
Why we fund auto repair & service
We underwrite the rhythm, not the label.
The numbers below are the playbook ICG runs against auto repair & service every week. Cash flow patterns, repayment tolerance, and seasonality are read from your bank activity, not assumed from your category code.
24 hr
Typical funding speed
500+
FICO floor
$15K+
Monthly revenue minimum
No docs
Required to start an application
Every approval comes from a person, not a policy engine. An underwriter who has read hundreds of auto repair & service bank files looks at yours and answers the same business day.
Common funding uses
What capital is actually for in auto repair & service.
The scenarios below are the recurring reasons ICG funds this vertical. If your situation looks like one of these, the underwriting playbook is already written.
Bay Expansion
More bays mean more throughput. But construction, lifts, and equipment for a new bay is a $50K–$150K investment that most banks won't fund for a small shop.
Parts Inventory Float
Carrying a parts inventory ties up cash. Seasonal demand spikes (winter tires, AC season) require stocking up before the revenue arrives.
Products mapped to this industry
- Equipment
Finance lifts, diagnostic scanners, alignment machines, and shop equipment with the tools as collateral.
- Revenue Funding
Working capital for parts inventory, staffing, and shop improvements based on your monthly service revenue.
- Term Loans
Structured financing for bay expansion, renovation, or major shop upgrades.
Eligibility for auto repair & service
The bar is short. And it is the whole bar.
No upsells, no surprise documents. Meet the criteria below and the application is built for you.
- 01
Minimum 6 months operating as a licensed auto repair shop
- 02
$15,000+ monthly revenue
- 03
500+ personal credit score
- 04
Active business bank account
Get funded in your city
Auto Repair & Service funding near you.
- Brooklyn →
- Manhattan →
- Queens →
- The Bronx →
- Staten Island →
- Long Island →
- Westchester County →
- Buffalo →
- Rochester →
- Albany →
- Los Angeles →
- San Francisco →
- San Jose →
- San Diego →
- Sacramento →
- Orange County →
- Fresno →
- Bakersfield →
- Houston →
- Dallas →
- Fort Worth →
- Austin →
- San Antonio →
- El Paso →
- Corpus Christi →
- Miami →
- Tampa →
- Orlando →
- Jacksonville →
- Fort Lauderdale →
- West Palm Beach →
- Tallahassee →
Questions, answered
Real questions from auto repair & service operators answered straight.
Do you fund collision shops and mechanical shops equally?
Yes. Both qualify under the same guidelines. Collision shops with DRP (direct repair program) contracts often benefit from invoice factoring on top of working capital.
Can I finance a used lift?
Yes. ICG finances new and used equipment. Used lifts under 10 years old with documented hours are routinely approved.
What if I fail my state inspection license renewal?
You must maintain a valid state auto-repair license for the duration of your funding. Let your specialist know immediately if your license lapses.
Ready when you are
Get auto repair & service funding in 24 hours.
Soft credit pull. Same business day answer. One dedicated ICG team from application to wire.