Automotive & Repair Shop Financing Program

The Automotive & Repair Shop Financing Program by Forward Funding provides fast, unsecured working capital to automotive and repair business owners in Canada, helping them manage operations, expand services, and improve cash flow with flexible repayment options.
  • Forward Funding
Overview of the Automotive & Repair Shop Financing Program program:

The Automotive & Repair Shop Financing Program from Forward Funding is a tailored funding solution designed specifically for Canadian auto shops, service centers, and related automotive businesses. It addresses the unique financial needs of this industry—where costs for parts, labor, equipment, and staffing can strain cash flow—by offering fast, unsecured working capital through a simple and flexible application process. The program is open to a range of automotive businesses including auto repair shops, tire centers, collision repair facilities, body shops, and specialized service garages. Whether the business is handling seasonal fluctuations, needs to invest in diagnostic tools, restock parts, or cover payroll, this program provides a streamlined alternative to traditional financing. Qualified businesses can receive funding ranging from $5,000 to $800,000, with repayment structured either as fixed daily/weekly payments or as a percentage of sales revenue (variable repayment). This flexibility helps business owners preserve cash flow during slow periods and repay faster when revenues are strong. Forward Funding uses a performance-based underwriting model that prioritizes revenue consistency and deposit history over credit score, making it more accessible than bank loans. The application is fully online and requires minimal documentation—primarily bank statements and a photo ID. Most applicants receive approval within hours and funding within 24 to 48 hours of approval. This financing is ideal for shops looking to stay competitive, take on more volume, or invest in operational upgrades without waiting on lengthy credit approvals or risking collateral.

Benefits of the Automotive & Repair Shop Financing Program program:
  • Fast approval most applications processed within 24 hours
  • Quick funding capital transferred in 2448 hours after approval
  • Flexible repayments fixed or sales-linked variable options available
  • No collateral required unsecured working capital
  • Minimal documentation easy, online application
  • Tailored for auto sector supports parts purchasing, payroll, tool/equipment upgrades, and shop expansion
  • Supports seasonal fluctuations and variable cash flow
  • Nationwide access available to auto businesses across Canada
  • Ideal for shops needing fast capital without complex credit checks
Eligibility criteria of the Automotive & Repair Shop Financing Program program:
  • Location: Business must be located in Canada
  • Eligible Applicants:
  • Auto repair shops
  • Collision centers
  • Tire shops
  • Auto detailing or body shops
  • Mobile mechanics
  • Time in Business: Typically 3 to 6 months minimum operating history
  • Revenue Requirement: Generally $10,000+ per month in gross revenue
  • Credit Score: Not the primary consideration
  • Documentation Needed:
  • 36 months of business bank statements
  • Government-issued photo ID
  • Optional: Void cheque or direct deposit form
  • Banking Requirements: Must use a business bank account with regular deposits
  • Expectations: Business should show consistent revenue activity to support regular repayments
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