Last annual update:
The US has a whopping $86 billion US automotive repair service industry consisting of businesses that offer repair, service, and maintenance of vehicles. With this being said, there is an undeniable demand for your auto repair business – all you need to do is keep up with the demand. If you’re ready to take your auto repair business to the next level, here are the top banks that can help you with your business goals:
| Rank | Bank | City | State | # of Loans | Avg Loan $ | Avg Interest |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Columbus | OH | 132 | $190,492 | 5.7% |
| 2 | U.S. Bank | Cincinnati | OH | 116 | $453,281 | 5.5% |
| 3 | Live Oak | Wilmington | NC | 62 | $1,107,344 | 5.6% |
| 4 | Wells Fargo | Sioux Falls | SD | 47 | $457,355 | 6.0% |
| 5 | United Midwest Savings Bank | De Graff | OH | 40 | $150,000 | 6.2% |
| 6 | M&T | Buffalo | NY | 38 | $120,208 | 7.1% |
| 7 | TD Bank | Wilmington | DE | 38 | $91,289 | 8.0% |
| 8 | Harvest Small Business Finance | Laguna Hills | CA | 31 | $878,458 | 5.7% |
| 9 | PNC Bank | Wilmington | DE | 29 | $418,862 | 6.9% |
| 10 | Columbia State Bank | Tacoma | WA | 26 | $110,065 | 5.9% |