How Much Can Other Automotive Mechanical and Electrical Repair and Maintenance Businesses Get in SBA Loans?
3,437 SBA loans totaling $624.2M have been approved for other automotive mechanical and electrical repair and maintenance businesses (NAICS 811118). The average approved SBA loan is $182K, which is 47% below avg the $340K national average. 621 active lenders fund this industry with a 16.1% default rate on the matured 2018-2021 loan cohort.
At 16.1%, Other Automotive Mechanical and Electrical Repair and Maintenance sits above the 15.4% all industry SBA default rate (charged off as a share of resolved loans), above average default risk relative to other SBA industries. The capital source prices this risk into rate and structure.
NAICS 811118 (Other Automotive Mechanical and Electrical Repair and Maintenance) received 3,437 SBA loans worth $624.2M across 5+ states. Average loan $182K, average term 134 months, 16.1% default rate (resolved loan basis).621 active SBA approved lenders fund this industry. Most other automotive mechanical and electrical repair and maintenance loans use the SBA 7(a) program. There are approximately 3,755 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Other Automotive Mechanical and Electrical Repair and Maintenance?-50% decline
Which SBA Program Do Other Automotive Mechanical and Electrical Repair and Maintenance Businesses Use Most?
What Is the Best SBA Loan for Other Automotive Mechanical and Electrical Repair and Maintenance?
The most widely used SBA program for other automotive mechanical and electrical repair and maintenance businesses: flexible terms, multiple use cases
Where Are Other Automotive Mechanical and Electrical Repair and Maintenance SBA Loans Most Common?
SBA Lending Activity in Other Automotive Mechanical and Electrical Repair and Maintenance
621 SBA lenders have funded 3,437 loans to other automotive mechanical and electrical repair and maintenance businesses (NAICS 811118). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.
Other Automotive Mechanical and Electrical Repair and Maintenance Industry Context
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PeerSense sources capital for other automotive mechanical and electrical repair and maintenance businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
Talk to PeerSense about financing a Other Automotive Mechanical and Electrical Repair and Maintenance business.
Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.
SBA 7(a) / 504: PeerSense will reach out. No obligation.
How Does SBA Lending Work for Other Automotive Mechanical and Electrical Repair and Maintenance Businesses?
Across all SBA loan programs, 3,437 loans have been approved for businesses classified under NAICS 811118 (Other Automotive Mechanical and Electrical Repair and Maintenance), representing $624.2M in total capital deployed. The average approved loan of $182K is 47% below avg the national SBA average of $340K, with typical repayment terms of 134 months.
SBA lending for other automotive mechanical and electrical repair and maintenance has contracted approximately 50% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 621 lenders remain active, maintaining competitive options for qualified borrowers.
The industry sees a balanced mix of SBA programs, with 9% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
Talk to PeerSense about a other automotive mechanical and electrical repair and maintenance file. The capital source sets the terms. The desk fee is paid at closing, never upfront.
Frequently Asked Questions: Other Automotive Mechanical and Electrical Repair and Maintenance SBA Loans
What is the average SBA loan size for other automotive mechanical and electrical repair and maintenance businesses?
Which SBA loan program is best for a other automotive mechanical and electrical repair and maintenance business?
How many lenders fund SBA loans for other automotive mechanical and electrical repair and maintenance?
What states have the most SBA lending for other automotive mechanical and electrical repair and maintenance?
How does PeerSense help other automotive mechanical and electrical repair and maintenance businesses get SBA loans?
Related Other Services Industries
General Automotive Repair
Beauty Salons
Drycleaning and Laundry Services (except Coin-Operated)
Automotive Body, Paint, and Interior Repair and Maintenance
Car Washes
All Other Personal Services
Data aggregated from SBA loan records (1992 to 2025). Other Automotive Mechanical and Electrical Repair and Maintenance defined by NAICS code 811118. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.