Top Banks for SBA Auto Repair Loans

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Last annual update: Jan 30, 2022

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:

RankBankCityState# of LoansAvg Loan $Avg Interest
1The Huntington National BankColumbusOH132$190,4925.7%
2U.S. BankCincinnatiOH116$453,2815.5%
3Live OakWilmingtonNC62$1,107,3445.6%
4Wells FargoSioux FallsSD47$457,3556.0%
5United Midwest Savings BankDe GraffOH40$150,0006.2%
7TD BankWilmingtonDE38$91,2898.0%
8Harvest Small Business FinanceLaguna HillsCA31$878,4585.7%
9PNC BankWilmingtonDE29$418,8626.9%
10Columbia State BankTacomaWA26$110,0655.9%

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