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 13.3% historical default rate.
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, default rate 13.3%.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?
Top SBA Lenders for Other Automotive Mechanical and Electrical Repair and Maintenance
These banks have funded the most SBA loans for other automotive mechanical and electrical repair and maintenance businesses (NAICS 811118). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 232 | $16.4M |
| 2 | Wells Fargo Bank National Association(SD) | 225 | $41.2M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 200 | $24.2M |
| 4 | PNC Bank, National Association(DE) | 123 | $12.3M |
| 5 | U.S. Bank, National Association(OH) | 113 | $18.2M |
Other Automotive Mechanical and Electrical Repair and Maintenance Industry Context
Ready to Fund Your Other Automotive Mechanical and Electrical Repair and Maintenance Business?
PeerSense places SBA loans for other automotive mechanical and electrical repair and maintenance businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
Retainers
Down with SBA 7(a)
Terms Available
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.
PeerSense specializes in matching other automotive mechanical and electrical repair and maintenance business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
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 (1992–2025). Other Automotive Mechanical and Electrical Repair and Maintenance defined by NAICS code 811118. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.