SBA loans for auto repair businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
General Automotive Repair (NAICS 811111)
2,616loans approved
$184,400median loan
$50K–$620Kmiddle half of loans
$1.3Btotal approved
10%median initial rate
10 yrsmedian term
Borrowers reported 16,018 jobs created or retained.
4.3% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 336 | $201,350 |
| Texas | 214 | $427,500 |
| Florida | 148 | $310,900 |
| New York | 126 | $87,500 |
| Illinois | 113 | $250,000 |
| Pennsylvania | 106 | $155,000 |
| Ohio | 102 | $79,850 |
| Washington | 101 | $150,000 |
| Michigan | 86 | $175,000 |
| Massachusetts | 80 | $100,000 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| U.S. Bank, National Association | 245 | $49,000 | $61.6M |
| Newtek Bank, National Association | 192 | $185,000 | $54.3M |
| Live Oak Banking Company | 174 | $880,750 | $199.5M |
| The Huntington National Bank | 154 | $100,000 | $55.8M |
| Manufacturers and Traders Trust Company | 143 | $50,000 | $10.5M |
| TD Bank, National Association | 119 | $50,000 | $16.6M |
| Bayfirst National Bank | 79 | $150,000 | $12.6M |
| Northeast Bank | 76 | $145,000 | $13.0M |
| Columbia Bank | 45 | $50,000 | $7.4M |
| Harvest Small Business Finance, LLC | 42 | $675,000 | $37.6M |
Planning one? Read how to start a auto repair business and model payments with the loan calculator.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.