Financing Growth For Automotive Care Businesses

Live Oak Bank offers loans to the automotive care industry nationwide. This includes businesses that provide quick lube services, tire centers, service and maintenance shops, collision shops, paint and body shops, and select auto part franchises.

Working with a lender who specializes in automotive care business loans is key to the complex process of purchasing or starting a new business. We are cash flow lenders and know how to value your assets, including capital needed to establish a strong business in your community.

Experience the Live Oak Advantage

  • Extensive Financing Options: Competitive rates, flexible equity requirements, no financial covenants and no prepayment penalties for loan terms under 15 years.
  • Flexible Terms: Up to 10 years for business purposes and 25 years for real estate.
  • Loan Amounts: Live Oak can fund loans starting at $75,000 up to $7.5 million, with an expedited process for amounts up to $350,000.
  • Competitive Rates: We’re an FDIC insured bank, with real bank rates. Our rates are priced competitively for cash flow dependent transactions.
  • Speed: Industry-focused automotive care lending team handles your loan from application to approval in as few as 10 days.
  • Technology: We think technology should enable people, not replace them. Live Oak Portal technology simplifies the loan process from application through funding, with real-time transparency so our customers know what’s happening through every step.
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Benefits:
  • Competitive rates
  • Up to 25 year terms
  • No prepayment penalties for loans under 15 years
  • Flexible down payment options
  • Loan amounts up to $7.5 million
  • National footprint – all 50 states
Uses:
  • New Units
  • Existing Business Purchases
  • Franchise Fees
  • Expansion (with or without construction)
  • Leasehold Improvements
  • FF&E
  • Working Capital

Our Automotive Care Team
understands your business.