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SBA loans for automotive service businesses

Flexible financing for equipment, facilities, staffing, and growth.

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Partially assembled cars with open hoods and doors are lined up on an automotive factory production line in black and white.
Two auto mechanics in uniform stand talking in a large, bright car repair shop with cars on lifts and open hoods in the background.

Using SBA Financing to Grow your Automotive Service and Repair Business.

From equipment upgrades and facility improvements to staffing, inventory and acquisitions, SBA 7(a) loans provide flexible funding that support expansion.

As a top Small Business Administration (SBA) lender nationwide and an SBA Preferred Lender, Byline Bank has the authority to make credit decisions in-house, with flexible qualifying requirements and expedited approvals.

Why Byline Bank?

As a top SBA lender in the U.S., our lending specialists understand automotive businesses. We know how to structure a loan that meets your needs.

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Details

  • Amount: Up to $5 million
  • Financing percentages: Up to 90% financing for acquisitions and up to 100% financing for expansions
  • Term: Up to 10 years for most uses, and up to 25 years for real estate
  • Footprint: Nationwide
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Purposes

  • Business acquisition
  • Business expansion
  • Start-up
  • Equipment purchase
  • Working capital
  • Refinance
  • Real estate acquisition

Benefits

  • Faster approvals thanks to Byline’s SBA Preferred Lender status
  • Longer amortization
  • Lower loan payments
  • No future balloon payment
  • Closing costs can be included
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Grow your business with Byline automotive financing.