Sableleaf Lending, a business funding company in Grants Pass, OR, explains auto repair shop loans for Josephine County, OR garages and body shops: financing lifts, alignment racks and diagnostic tools, working capital for parts and fleet accounts, the working capital formula for a shop, and buying an existing shop. County shop counts and payroll come from the Census Bureau.
At a glance
- Auto repair employers, Josephine County, OR
46 (CBP 2023)
- Fewer than five employees
31, or 67.4% (CBP 2023)
- Shops without paid employees
133 (Nonemployer Statistics 2024)
Weighing Auto Repair Shop Loans in Josephine County, OR
Auto repair shop loans fund the bays, tools and parts a garage needs to keep cars moving through. Josephine County, OR had 46 automotive repair and maintenance employer establishments in 2023 with 173 paid employees and $9.4 million in payroll (Census Bureau, County Business Patterns 2023). 31 of them, 67.4%, had fewer than five employees, and 22 had a ZIP 97526 address (Census Bureau, ZIP Code Business Patterns 2023).
Nonemployer Statistics, a separate program, counted 133 repair businesses without paid employees in 2024, with $7.6 million in receipts, about $57,300 each (Census Bureau, Nonemployer Statistics 2024; our arithmetic). The NAICS 8111 code covers general repair, body and paint shops, and specialty work such as transmissions and glass.
Auto Repair Shop Financing, Explained for Josephine County, OR
Auto repair shop financing splits into equipment and cash flow. Two-post and four-post lifts, alignment racks, tire machines, diagnostic scanners and paint booths are financed as equipment, secured by the item. Parts, payroll and the wait on fleet or insurance payments are a working capital question.
Illustration only, invented figures: a shop adds an $18,000 four-post alignment lift at 10% a year over 48 months. In this invented example, the payment is about $457 a month, which is the figure to set against the extra alignments the lift makes possible.
Weighing an Auto Repair Business Loan in Josephine County, OR
An auto repair business loan for a remodel, a second location or a building's equipment fit-out can be requested as a term loan. A partner reads the shop's car count, average repair order, parts margin and labor margin from its own records.
Weighing an Auto Shop Loan in Josephine County, OR
An auto shop loan for buying an existing garage covers the equipment, the customer list and the shop's name. Check the lifts and tools, the environmental condition of the site, the lease, and whether technicians plan to stay. A term loan sized to the price fits a purchase.
Weighing Small Business Loans for Auto Repair Shops in Josephine County, OR
Small business loans for auto repair shops come from banks, equipment lenders and online lenders. Banks favor shops with several years of returns; equipment lenders look first at the item; online lenders read deposits. Compare them on total dollar cost and payment schedule.
Sableleaf Lending matches your request with funding partners, who review it and make their own decision.
Auto Repair Shop Working Capital Formula for Josephine County, OR Owners
The working capital formula for a shop is current assets minus current liabilities. Current assets are cash, receivables from fleet and insurance accounts, and parts on the shelf; current liabilities are parts supplier bills, payroll owed and the current part of any loans.
Illustration only, invented figures: a shop has $85,000 in current assets and $52,000 in current liabilities. In this invented example, working capital is $33,000 and the current ratio is 1.63. Track it monthly from your own books.
Working Capital for Auto Repair Business Around Grants Pass, OR
Working capital for an auto repair business covers payroll and parts while fleet and insurance accounts are outstanding. Shop payroll in Josephine County, OR worked out to about $54,400 per employee in 2023 (our arithmetic from CBP).
Illustration only, invented figures: fleet accounts bill $22,000 a month and pay in 40 days. In this invented example, about $29,333 is outstanding at any time, which the shop carries in wages and parts first. The working capital page shows how to size it.
Auto Body Shop Financing in Josephine County, OR
Body and paint shops carry costs a mechanical shop does not: a paint booth and mixing system, a frame machine, welders and measuring equipment. Their customers include insurers, so the gap between finishing a repair and being paid can be longer than at the counter.
The booth and frame machine can be financed as equipment; the insurance float is a working capital question. Ask any partner how it values installed equipment such as a booth.
Auto Shop Loans: What Grants Pass, OR Owners Compare
- Shop management system reports: car count and average repair order
- Bank statements and card processing statements
- Equipment quotes with model numbers
- Fleet and insurance receivables aging
- The lease and any environmental reports for the site
Automobile dealers, a separate code, had 14 employer establishments in the county in 2023 (CBP). The equipment financing page and the Grants Pass, OR business page carry more detail.
By Sableleaf Lending ยท Updated