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SBA Lenders for Auto Repair & Maintenance
Top lenders ranked by real SBA lending data for auto repair & maintenance nationwide.
What Borrowers Should Know
Auto repair shops pay 35 basis points less than the national median spread (2.40% vs 2.75%), suggesting this industry is viewed as lower-risk by SBA lenders. With 3,869 deals across 418 active lenders, you're entering a well-understood market where lenders have refined their underwriting. This competitive pricing is a real advantage—your monthly costs will be measurably lower than borrowers in riskier sectors.
The top two lenders (U.S. Bank and Wells Fargo) control 47% of all auto repair SBA lending (727 of 1,552 deals from top 5), but 418 total active lenders means you have genuine alternatives. If you get turned down by a megabank, roughly 400 other SBA-approved lenders compete in this space—don't accept the first rejection as final.
California dominates with 2,448 deals (63% of the total), while smaller markets like Arkansas (137) and Alaska (86) show meaningful activity. If you're outside CA/AZ, you may face fewer competing loan applications but also potentially less specialized lender experience with your specific location. The average deal size of $414K suggests most auto shops are borrowing for equipment, working capital, or expansion rather than purchase acquisitions.
Total SBA Loans
37,742
Active Lenders
2,224
Avg Deal Size
$549K
Total Volume
$20.7B
Auto Repair & Maintenance SBA loans average $549K in deal size across 37,742 total loans. The median 7(a) spread in this segment is P + 2.23%.
Top Lenders for Auto Repair & Maintenance
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Bank | 1,832 | $230K | P + 2.20%GOOD | |
| 2 | Wells Fargo Bank National Association | Bank | 1,759 | $395K | P + 2.76%ABOVE AVG | |
| 3 | U.S. Bank, National Association | Bank | 1,508 | $335K | P + 1.92%GOOD | |
| 4 | JPMorgan Chase Bank, National Association | Bank | 911 | $296K | P + 2.38%AVERAGE | |
| 5 | TD Bank, National Association | Bank | 867 | $181K | P + 2.06%GOOD | |
| 6 | Manufacturers and Traders Trust Company | Bank | 758 | $111K | P + 2.44%AVERAGE | |
| 7 | PNC Bank, National Association | Bank | 662 | $244K | P + 2.34%AVERAGE | |
| 8 | Celtic Bank Corporation | Bank | 602 | $1.2M | P + 2.55%AVERAGE | |
| 9 | Live Oak Banking Company | Bank | 561 | $1.1M | P + 1.79%GOOD | |
| 10 | Zions Bank, A Division of | Bank | 421 | $380K | P + 2.34%AVERAGE | |
| 11 | KeyBank National Association | Bank | 421 | $301K | P + 2.36%AVERAGE | |
| 12 | Newtek Bank, National Association | Bank | 421 | $399K | P + 3.14%ABOVE AVG | |
| 13 | Columbia Bank | Bank | 392 | $435K | P + 2.81%ABOVE AVG | |
| 14 | Eastern Bank | Bank | 376 | $140K | P + 2.23%GOOD | |
| 15 | Northeast Bank | Bank | 374 | $184K | P + 2.91%ABOVE AVG |
Top States for Auto Repair & Maintenance
Where auto repair & maintenance SBA lending is most active.