BlogRankingIndustryBest Auto Repair Shops SBA Lenders of 2026

Best Auto Repair Shops SBA Lenders of 2026

February 2, 2026
Industry, Ranking
5 min read

Best Auto Repair Shops SBA Lenders of 2026

$528.0M
Total Funded

1,115
Loans Approved

$474K
Avg Loan Size

10.08%
Avg Interest Rate

225
Active Lenders

SBA Loans for Auto Repair Shops Businesses

The Auto Repair Shops industry received $528.0M in SBA 7(a) loans across 1,115 businesses in 2025. With 225 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Auto Repair Shops industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Auto Repair Shops businesses is $474K with an average rate of 10.08%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Auto Repair Shops businesses by business stage:

🚀 Startups
23%
$129.5M • 262 loans

🏢 Existing Businesses
61%
$237.7M • 682 loans

🔄 Business Acquisitions
15%
$160.7M • 171 loans

Top 50 SBA Lenders for Auto Repair Shops (2025)

These are the banks that funded the most SBA 7(a) loan volume to Auto Repair Shops businesses, ranked by total volume:

Rank Lender Volume Loans Avg Rate
1 Live Oak Banking Company $72.4M 67 8.89%
2 Newtek Bank, National Association $51.0M 148 10.73%
3 Harvest Small Business Finance, LLC $19.9M 18 10.18%
4 The Huntington National Bank $19.0M 53 9.53%
5 U.S. Bank, National Association $17.8M 75 9.81%
6 Northeast Bank $13.3M 68 11.00%
7 VelocitySBA, LLC $10.5M 7 10.18%
8 Enterprise Bank & Trust $10.3M 6 7.67%
9 TD Bank, National Association $8.7M 48 10.37%
10 Seacoast National Bank $8.2M 7 9.00%
11 Pathward National Association $7.9M 5 9.55%
12 Brookline Bank, a Division of Beacon Bank and Trust $7.6M 5 9.31%
13 Celtic Bank Corporation $7.2M 25 10.69%
14 Regions Bank $7.1M 4 7.69%
15 Citizens Bank $6.4M 6 9.88%
16 T Bank, National Association $6.3M 3 9.17%
17 First Bank of the Lake $6.3M 6 10.79%
18 SouthState Bank, National Association $5.3M 3 8.63%
19 Manufacturers and Traders Trust Company $5.3M 73 11.50%
20 First Internet Bank of Indiana $5.2M 5 9.75%
21 United Midwest Savings Bank National Association $5.2M 7 9.96%
22 Wells Fargo Bank National Association $5.2M 12 10.14%
23 UMB Bank, National Association $5.0M 2 7.88%
24 JPMorgan Chase Bank, National Association $5.0M 12 9.69%
25 Stearns Bank National Association $5.0M 1 8.50%
26 First Savings Bank $4.7M 3 10.08%
27 First Horizon Bank $4.5M 2 8.38%
28 Dogwood State Bank $4.4M 1 9.25%
29 BayFirst National Bank $4.3M 27 12.02%
30 Wilmington Savings Fund Society FSB $4.2M 3 10.00%
31 Byline Bank $4.0M 3 9.92%
32 The Bancorp Bank National Association $3.6M 3 8.50%
33 Milestone Bank $3.6M 2 10.00%
34 Bank of America, National Association $3.5M 10 7.11%
35 US Metro Bank $3.4M 2 9.25%
36 Readycap Lending, LLC $3.4M 17 12.59%
37 Lake Forest Bank & Trust Company, National Association $3.1M 1 6.60%
38 KeyBank National Association $3.0M 12 10.00%
39 Community Bank & Trust-West Georgia $3.0M 3 9.75%
40 Zions Bank, A Division of $2.9M 13 10.42%
41 Truist Bank $2.9M 4 9.94%
42 LendingClub Bank, National Association $2.8M 3 9.83%
43 Citizens State Bank of New Castle $2.7M 3 9.50%
44 Texas Capital Bank $2.7M 1 6.50%
45 CenTrust Bank, A Division of SmartBiz Bank National Associat $2.6M 15 11.55%
46 Columbia Bank $2.6M 16 11.77%
47 United FCU $2.6M 2 10.00%
48 First National Bank of Pennsylvania $2.6M 4 9.63%
49 Lendistry SBLC, LLC $2.5M 9 11.83%
50 Barrington Bank & Trust Company, National Association $2.5M 1 6.28%

🚀 Best Lenders for Auto Repair Shops Startups

Starting a new general automotive repair business? These lenders funded the most startup loans in this industry:

Rank Lender Startup Volume Loans Avg Rate
1 Live Oak Banking Company $11.3M 13 9.36%
2 U.S. Bank, National Association $6.5M 15 8.97%
3 The Huntington National Bank $6.1M 14 9.28%
4 First Bank of the Lake $6.0M 4 9.56%
5 Wells Fargo Bank National Association $5.2M 12 10.14%
6 Stearns Bank National Association $5.0M 1 8.50%
7 Newtek Bank, National Association $4.4M 24 10.50%
8 Dogwood State Bank $4.4M 1 9.25%
9 VelocitySBA, LLC $4.3M 1 10.50%
10 Byline Bank $3.4M 2 10.00%

🔄 Best Lenders for Auto Repair Shops Acquisitions

Looking to buy an existing general automotive repair business? These lenders specialize in acquisition financing:

Rank Lender Acquisition Volume Loans Avg Rate
1 Live Oak Banking Company $47.0M 34 8.70%
2 The Huntington National Bank $9.2M 16 9.37%
3 Brookline Bank, a Division of Beacon Bank and Trust $7.0M 3 9.83%
4 T Bank, National Association $6.3M 3 9.17%
5 Pathward National Association $5.8M 3 9.42%
6 UMB Bank, National Association $4.3M 1 8.00%
7 U.S. Bank, National Association $4.0M 5 8.59%
8 Citizens Bank $3.7M 4 10.00%
9 Milestone Bank $3.6M 2 10.00%
10 First Horizon Bank $3.6M 1 8.25%

🏢 Best Lenders for Existing Auto Repair Shops Businesses

Already running an established general automotive repair business? These lenders have funded the most loans to existing businesses in your industry:

Rank Lender Volume Loans Avg Rate
1 Newtek Bank, National Association $46.0M 122 10.78%
2 Harvest Small Business Finance, LLC $18.6M 16 10.14%
3 Live Oak Banking Company $14.0M 20 8.90%
4 Northeast Bank $12.1M 57 11.03%
5 Enterprise Bank & Trust $10.3M 6 7.67%
6 U.S. Bank, National Association $7.3M 55 10.15%
7 Regions Bank $6.0M 3 7.63%
8 Seacoast National Bank $5.2M 4 8.63%
9 SouthState Bank, National Association $5.0M 2 7.81%
10 JPMorgan Chase Bank, National Association $4.8M 11 9.67%

Top States for Auto Repair Shops SBA Loans

Here are the states with the highest SBA lending volume for Auto Repair Shops businesses:

Rank State Volume Loans
1 Texas $77.0M 96
2 California $74.2M 143
3 Florida $52.7M 69
4 Illinois $31.1M 57
5 Pennsylvania $22.0M 47
6 Georgia $20.0M 23
7 North Carolina $19.0M 29
8 New York $18.8M 60
9 New Jersey $17.3M 34
10 Virginia $15.9M 29
11 Arizona $14.6M 27
12 Maryland $11.3M 30
13 Oregon $10.6M 27
14 Washington $10.1M 34
15 Nevada $9.5M 19
16 South Carolina $9.2M 16
17 Colorado $8.6M 22
18 Massachusetts $8.4M 27
19 Minnesota $8.2M 22
20 Michigan $8.2M 28
21 Indiana $7.8M 20
22 Missouri $7.5M 19
23 Wisconsin $6.9M 18
24 Ohio $6.9M 30
25 Tennessee $4.9M 16
26 Utah $3.9M 8
27 Delaware $3.8M 10
28 Kansas $3.5M 12
29 Connecticut $3.3M 12
30 Montana $3.1M 8
31 Oklahoma $2.9M 8
32 Arkansas $2.7M 4
33 Idaho $2.5M 16
34 Alabama $2.4M 6
35 Nebraska $2.4M 10
36 Louisiana $2.2M 4
37 Alaska $2.2M 6
38 Rhode Island $2.1M 8
39 West Virginia $1.6M 4
40 Iowa $1.6M 9
41 New Hampshire $1.5M 14
42 Mississippi $1.4M 7
43 Wyoming $1.2M 2
44 New Mexico $730K 4
45 Kentucky $659K 4
46 Maine $520K 8
47 Hawaii $428K 2
48 Puerto Rico $372K 4
49 South Dakota $150K 1
50 Vermont $38K 2

Top Cities for Auto Repair Shops SBA Loans

Houston, Tx

$13.9M
Volume

16
Loans

Pompano Beach, Fl

$7.9M
Volume

2
Loans

Portland, Or

$7.0M
Volume

4
Loans

Leland, Nc

$5.8M
Volume

2
Loans

Galt, Ca

$5.7M
Volume

2
Loans

San Antonio, Tx

$5.1M
Volume

4
Loans

Tempe, Az

$5.0M
Volume

2
Loans

Beverly Hills, Ca

$5.0M
Volume

1
Loans

North Chesterfield, Va

$5.0M
Volume

2
Loans

Orlando, Fl

$4.5M
Volume

4
Loans

Roanoke, Tx

$4.3M
Volume

1
Loans

Glenmoore, Pa

$4.2M
Volume

2
Loans

Naples, Fl

$3.9M
Volume

4
Loans

Lake In The Hills, Il

$3.9M
Volume

1
Loans

Modesto, Ca

$3.9M
Volume

6
Loans

Weatherford, Tx

$3.8M
Volume

1
Loans

🤝 Why Use an SBA Broker for Auto Repair Shops Loans?

GoSBA Loans has extensive experience financing Auto Repair Shops businesses:

  • Industry expertise — we know which lenders specialize in Auto Repair Shops
  • Access to 225+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Auto Repair Shops SBA Loan

Our team specializes in SBA financing for Auto Repair Shops businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Auto Repair Shops business? GoSBA Loans specializes in SBA loans for Auto Repair Shops businesses. Contact our industry specialists today for a free consultation.

Explore Other Industries

http://gosbaloans.com

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.

You may also like

CONTACT US