INDUSTRY FUNDING
Car count means nothing when a lift is down or the alignment machine can't handle ADAS work. Coast funds the equipment, parts inventory, and bay expansions that keep techs flagging hours.
A repair shop earns money one way: bays turning work. Car count and average repair order mean nothing the week a two-post lift is down — that bay earns zero while rent, insurance, and payroll run at full speed. The bays are the constraint on everything, and an equipment failure attacks the constraint first — one lift down is a fifth of your capacity, all week.
The equipment side keeps escalating. Alignment work now means ADAS calibration targets and software subscriptions; diagnostics mean OEM-level scan tools; EVs are arriving with a tooling list of their own. Staying the shop that can say yes to the job is a capital decision, not just a hiring one.
Parts and receivables squeeze the middle. Suppliers want payment on their schedule while fleet accounts pay on theirs, and stocking fast-moving parts ties up cash that payroll needs. Coast structures funding around how a shop actually operates — equipment terms for the iron, working capital for everything in between.
Finance two-post and four-post lifts or a new alignment machine over 2–5 years, with the equipment itself as collateral — often straight from the dealer invoice.
OEM-level scan tools, calibration targets, and the software behind them. The shops that can calibrate keep the work that others sublet away.
Stock fast movers so jobs don't sit on the lift waiting for parts, and take supplier volume pricing when it's offered.
Adding bays usually means two kinds of capital at once — equipment financing carried by the lifts, plus working capital for construction and the revenue dip while the concrete cures.
Fleet and commercial accounts bring steady car count but pay on net terms. A credit line covers parts and payroll while those invoices age.
Carry a new technician's ramp-up period — wages before their flagged hours cover the cost — without starving the parts budget.
| Your situation | The fit | Why |
|---|---|---|
| A lift or critical machine is down right now | Working Capital | $5K–$2M funded fast, with short terms sized to the repair or replacement |
| Invoice in hand for a lift, alignment machine, or scan tooling | Equipment Financing | $10K–$5M over 2–5 years; the equipment is the collateral and the invoice is usually enough to start |
| Adding bays or opening a second shop | Business Loan | A lump sum with a fixed payment schedule over 4–36 months, sized to the build-out |
| Fleet accounts pay slow while parts bills come weekly | Business Line of Credit | Draw against the gap and pay only on what you use as invoices settle |
| Buying your building or acquiring another shop | SBA Loans | $50K–$5M at longer terms for the big, permanent moves |
An independent auto repair shop in South Florida needed new shop equipment and didn't have weeks to arrange it. Coast funded $8,500 the next day on a 6-month term — short enough to be paid off within the year, fast enough that the bays kept turning. Small shops don't need big loans; they need the right size, quickly.
A Southern California collision shop about two and a half years in, running roughly $675,000 a year, wanted a new spray booth and a frame machine. The owner already had a working capital line and asked to draw more against it. Rather than leveraging the existing working capital line, the Coast advisor guided toward the equipment financing path instead. What he got was $47,200 in equipment financing over 36 months, with the booth and the machine carrying their own collateral. The right answer was a different product, and having different programs to align with the various scenarios business owners experience daily is what differentiates Coast from the industry.
Coast's minimums are a floor, not a ceiling — most funded shops clear them comfortably.
Close on one of these? Apply anyway — your advisor reviews the whole business, not just a scorecard.
Yes. Coast finances new and used shop equipment — lifts, alignment machines, tire changers, balancers, scan tools — whether it comes from a dealer, a distributor, or another shop that's closing or upgrading. The equipment itself serves as collateral, terms run two to five years with fixed monthly payments, and an invoice or quote in hand is usually enough to get the process moving.
Most shops see a decision the same day. The main variable is how quickly you can provide basic documentation like business bank statements. Tell your advisor the date you need it by. Closing documents signed by 11 AM PT can fund the same business day.
Yes. Working capital is regularly used to build parts inventory — stocking fast movers so vehicles don't sit on lifts waiting on deliveries, or buying at supplier volume pricing when it's offered. Terms are short and sized to the purchase, so you're not carrying long debt for stock that turns in weeks. A business line of credit works well for recurring parts cycles.
No hard credit pull is required to apply or to see your options. Coast qualifies your shop with a soft inquiry, which doesn't affect your personal credit score. A hard inquiry applies only to certain traditional products — larger equipment deals and SBA loans — and then only with your consent, after an approval you have chosen to move forward with. You can find out what the shop qualifies for before making any commitment.
Yes — and expansions usually work best as a combination: equipment financing for the lifts and machines on multi-year terms, with working capital or a term loan covering construction, permits, and the slow weeks while the new bays come online. Your advisor structures the pieces together so the total payment fits the shop's current cash flow, not just the projected one.
Yes. Independent general repair, transmission, collision and body work, tire and alignment, diesel, and fleet-service shops all qualify on the same basis: a year or more in business, $100K+ in annual revenue, a business bank account, and a minimum 600+ FICO. The equipment lists differ — paint booths and frame machines versus lifts and scan tools — but the underwriting doesn't.
Bank declines in this industry are often about the category, not the shop — many banks simply don't like single-location automotive businesses, whatever the revenue says. Coast underwrites the actual business: consistent car count and revenue matter more than a banker's industry chart. Plenty of Coast's funded clients came in after a bank said no, and it costs nothing to find out where you stand.
$10K–$5M for lifts, alignment machines, and diagnostics over 2–5 years — the equipment is the collateral.
$5K–$2M for parts inventory, urgent replacements, and the gap between fleet invoices and payroll.
$10K–$500K revolving credit for recurring parts cycles and slow-paying commercial accounts.
A dedicated Business Funding Advisor can structure capital around how your business actually operates. No hard credit pull to apply.
*Closing documents must be completed by 11 AM PT Monday through Friday to receive funds the same business day. Weekend approvals will be processed the following business day.
Client examples reflect actual funded transactions with identifying details removed; individual results vary and are subject to underwriting approval.
Certain programs may be made available or arranged pursuant to California Financing Law License No. 60DBO-146720.