Add the bay. Let the extra cars pay for it.
Equipment and expansion financing for Canadian auto service businesses. One application, an experienced advisor, and lenders that finance shop equipment every day.
Lenders in these industries underwrite from your deposits. That's why our first questions are about revenue, not your credit score.
Money for the things that grow the business.
Lifts, alignment and diagnostics
Shop equipment financed against itself, so it can start earning this month.
Add bays or a second location
Leaseholds, equipment and working capital to grow capacity.
Stock parts and tires
Buy inventory ahead of the season, when supplier pricing is better.
Add a tow truck or courtesy vehicle
Equipment financing for vehicles that bring work to the shop.
What auto service lenders do most.
Your advisor knows which lenders are strongest for each one and will bring you the options that fit.
Equipment financing
Buy machines, vehicles and tools. The equipment itself secures the financing.
Best when: You know exactly what you're buying.
Term loan
A lump sum repaid in fixed payments over a set term.
Best when: A one-time project, expansion or acquisition.
Revenue-based financing
Repaid as a share of your sales, so payments move with your volume. It costs more than bank debt.
Best when: Strong card sales and a short, specific need.
Your shop is busy. Your bank is not impressed.
Lenders that fund auto service look at car count, deposits and the equipment you're buying. A full schedule counts.
If this sounds like you, you're a fit.
We'd rather tell you up front than waste your time.
- Registered auto service business in Canada, outside Quebec
- Operating for at least 12 months
- At least $20,000 in average monthly revenue
- Looking for $10,000 or more for a specific purpose
Guides for auto service owners.
Merchant cash advances: how to figure out what you're really paying
Factor rates make cash advances look cheaper than they are. Here's the simple math to compare them fairly, and when they actually make sense.
Know your optionsEquipment financing vs. leasing in Canada: which is right for you?
Buy it with a loan or lease it? The right answer depends on how long you'll keep the equipment, your cash flow and your tax picture.
Know your optionsThe Canada Small Business Financing Program, explained
A government-backed loan offered through banks and credit unions. Here's what it covers, how much you can get, and when it's worth the extra steps.
Before you apply.
Does checking my options affect my credit?
No. Our questions don't involve a credit check. If you decide to move forward, your advisor or lender will ask for your consent before running one.
Who sees my information?
One funding advisor, chosen for your industry and request. They share it with lenders only to get you offers. We never sell your application to a list or to several companies at once.
What does it cost me?
Nothing from us. Straightline doesn't charge borrowers; advisors pay us for introductions. Some advisors charge a fee or are paid by the lender. Yours will tell you how they're paid before you move forward.
What will my advisor ask for?
Usually your last 3 to 6 months of business bank statements, basic ownership details and what the funds are for. Having statements ready is the fastest way to get offers.
One application. An advisor who knows auto service.
See what your business qualifies for in about 3 minutes.