Coralpoint Commercial Capital, a small-business funding service in Titusville, FL, arranges funding for auto repair and maintenance shops in Brevard County, FL: equipment financing for lifts and diagnostics, inventory financing for parts, and working capital for technician payroll. A funding partner reviews each request and decides.
| Auto repair establishments (2023) | 307 in Brevard County, FL |
|---|---|
| Paid employees | 1,438 |
| Fewer than five employees | 60.9% |
| In ZIP 32796 | 12 shops |
Space Coast repair bays in Census counts
Brevard County, FL counted 307 automotive repair and maintenance establishments with employees in 2023, with 1,438 paid employees and $65.2 million in annual payroll (County Business Patterns 2023). Of those, 60.9% ran with a staff of four or fewer. ZIP 32796 alone held 12 shops (ZIP Business Patterns 2023).
The county also counted 748 auto repair businesses with no payroll in 2024 (Nonemployer Statistics 2024), businesses run with no employees at all. That count is separate from the employer figures.
How cash moves through a repair shop
A shop that is paid when the customer picks up the car collects revenue day by day. The costs run on a different rhythm: parts ordered for each job, a stock of common parts and fluids, technician wages and specialized equipment that changes as vehicles change. A fleet account that pays on terms stretches the wait for cash.
Auto repair business loans by need
| Need | Structure |
|---|---|
| Lifts, alignment rack, scan tools, tire machines | Equipment financing |
| Common parts and fluids kept on hand | Inventory financing |
| Technician payroll while fleet accounts pay | Working capital |
| Adding bays or a second shop | Term loan |
Equipment financing for auto repair shops
Lifts, diagnostic scanners, alignment systems, tire changers, balancers and air compressors are the kinds of equipment a shop might finance. Partners finance new and used units with the equipment as collateral and want the vendor quote. Diagnostic tools that need subscriptions raise questions about what is equipment and what is a service.
Working capital for an auto repair shop
Adding a technician, taking on a fleet account or covering a slow month all create payroll gaps. Working capital for an auto repair shop fits a defined gap; a line fits recurring ones.
Illustrative only: a shop adds a technician at $1,150 a week and a fleet account that pays 30 days after invoice. The first six weeks of that wage, $6,900, go out before the fleet revenue arrives. The figures are invented to show timing, not a typical request.
What partners review for small business loans for auto repair shops
- Shop bank statements alongside card-terminal statements
- Equipment quotes, with make and model
- Fleet or commercial account terms, if any
- How long the business has operated, and its yearly revenue
- Existing equipment loans
Related pages
Parts stock is covered on the inventory financing page; the equipment financing page explains loans versus leases. Local figures are on the Titusville, FL page.
Questions to settle before buying equipment
- Will the new lift or scanner let the shop take work it now sends away?
- Does a diagnostic tool's price include its software subscription?
- Is used equipment inspected and installed by the seller?
- How will the payment compare with the added labor revenue?
Other businesses are listed on the industries page.
By Coralpoint Commercial Capital · Updated