Of the 35 establishments that County Business Patterns placed under Automotive Repair and Maintenance (NAICS 8111) in Tooele County, UT for 2023, 22 had fewer than five employees.
A Tooele, UT repair shop can fund lifts, alignment racks, tire machines and scan tools with equipment financing, parts stock with inventory financing, payroll gaps with working capital, and an existing shop purchase with a term loan. Partners set any terms.
At a glance
- Automotive Repair and Maintenance (NAICS 8111), Tooele County, UT
35 employer establishments (CBP 2023)
- Repair shops with fewer than five employees, Tooele County, UT
62.9% (CBP 2023)
- Repair shops with a ZIP 84074 address
27 (ZBP 2023)
- Repair businesses without paid employees, Tooele County, UT
89 (Nonemployer Statistics 2024)
Auto Repair Shop Loan and Parts Inventory: Notes for Tooele, UT Repair Shops
Parts on the shelf are money sitting still: filters, brake pads, belts, batteries and the high-turn fluids a shop keeps so a car is not waiting on a delivery. Inventory financing or a line of credit can fund a stocking order, and the distributor's terms belong in the request so a partner can see how the money cycles back.
Separately, Nonemployer Statistics counted 89 Automotive Repair and Maintenance establishments with no paid employees in Tooele County, UT for 2024. In a one-person bay, a stocking order is the owner's own cash until the parts are installed and paid for.
Small Business Loans for Auto Repair Shops and Tool Upgrades in Tooele, UT
Tool upgrades come in sizes. A scan tool update or a set of insulated hand tools for hybrid work is small; a two-post lift, a brake lathe or an A/C recovery machine is mid-size; an alignment rack with its camera heads is the big ticket. Each has a quote, and equipment financing can carry the larger pieces while the smaller ones fit a modest term loan or working capital.
Illustration only, invented figures: a $12,800 two-post lift with installation, spread across 36 monthly payments at an annual rate of 10.25%, works out to $414.52 per payment and $14,922.72 in all.
Auto Repair Business Loan: Alignment Racks and a Shop Purchase
An alignment rack is one quote with several parts: the rack or lift, the camera heads, the computer and software, and installation. Ask the vendor to break them out, since a partner can treat hardware and software differently. Tire machines and wheel balancers can ride on the same quote when a shop adds a tire bay to its service list.
A shop purchase here means buying a running repair business: its lifts and tools, its parts stock, its name and customer list, and sometimes the lease. A partner can look at the seller's tax returns and bank statements, an equipment list with ages, and the buyer's own experience. The building itself, if it is part of the sale, is real estate and outside this site; the business and its equipment can be a term loan request.
Financing for Auto Repairs: Parts Bills and Payroll While Invoices Wait
Some of the work leaves the bay before anyone has paid for it. Fleet accounts, warranty work billed to a manufacturer and insurance repairs can pay weeks after the car leaves, while the shop has already paid the parts house and the technicians.
Illustration only, invented figures: technician payroll of $7,200 every two weeks, with open fleet invoices on 30-day terms. Thirty days can hold 2 or 3 paydays, so $14,400 to $21,600 in wages goes out before those invoices come in. That is the gap working capital or a draw on a line can cover.
Business Loans for Auto Repair Shop: What Tooele, UT Repair Shops Should Know
The 35 establishments under Automotive Repair and Maintenance (NAICS 8111) in Tooele County, UT reported 190 paid employees and $7.1 million in annual payroll in 2023 (County Business Patterns), and 62.9% of them had fewer than five employees. For ZIP 84074 on its own, the ZIP Code Business Patterns figure is 27 establishments under Automotive Repair and Maintenance (NAICS 8111).
A partner reviewing a garage can ask for:
- Recent business bank statements and card-processing statements
- A vendor quote for each lift, rack or machine
- A list of the equipment already in the bays, with ages
- Open receivables for fleet or warranty work
- The building lease, if the shop rents
Machinery repair shops and other trades have notes on the industries page, and county and ZIP totals are on the Tooele, UT page.
By Laurelmont Commercial Capital ยท Updated
