An owner can call or use the request form; Skywater Business Funding passes that one request to funding partners, and they set any terms.
An equipment loan fits a compressor or a calibration rig; a credit line fits tools bought now and paid down over a few months. Air lines run through the building, floor leveling and electrical work are property work outside this site, and technicians' own toolboxes stay out of a shop's request.
At a glance
- Automotive repair and maintenance, Oklahoma County, OK
443 employer establishments (CBP 2023)
- Repair establishments with fewer than 5 employees
243, or 54.9% (CBP 2023)
- Automotive repair and maintenance with a ZIP 73003 address
20 employer establishments (ZBP 2023)
- Repair and maintenance businesses without paid employees, Oklahoma County, OK
894 (Nonemployer Statistics 2024)
Auto repair shop loans for a rotary screw air compressor in Edmond, OK
Impact guns, tire inflators, paint guns and blow guns all run on compressed air, so a worn piston compressor that cannot keep up slows every bay at once. A rotary screw unit with a refrigerated dryer and a receiver tank is one replacement option. The compressor, dryer and tank are equipment; new air lines and drops run through the building are property work outside this site.
| Item | Cost |
|---|---|
| 25 hp rotary screw compressor | $16,850 |
| Refrigerated air dryer | $2,940 |
| 240-gallon receiver tank | $1,615 |
| Inline filters and drain kit | $485 |
| Total | $21,890 |
In this invented example, an equipment loan for the $21,890 package over 60 months at an 11.1% annual rate costs $477.03 a month. Across all 60 payments the shop pays $28,621.80, $6,731.80 more than the package price. A compressor can run for many years, so a longer term may fit it better than it would fit a hand tool.
Used air compressors for an Oklahoma County, OK auto repair shop: checks before financing one
A used rotary screw compressor from a dealer can cost far less than a new one. Before a shop commits, a few checks show how much life is left in it:
- The hour meter reading and any service records, including oil and separator changes.
- The receiver tank's age, its nameplate and any rust or past repairs.
- Whether the dryer and controls come with the unit or must be bought separately.
- Who sets the unit in place, since a new concrete pad or electrical work is property work outside this site.
Illustration only, invented figures: a used 20 hp unit with its dryer priced at $7,480, financed over 24 months at a 13.9% annual rate, comes to $358.78 a month and $1,130.72 of interest over the term in this invented example. A partner may offer a shorter term or a different rate on used equipment; each partner sets its own terms.
When a dealer offers the compressor, dryer and tank together as one used package, a term loan may cover the package on one schedule.
Financing an ADAS calibration rig for Edmond, OK repair shops: 48 or 60 months
Windshield replacements, bumper repairs and alignments can mean recalibrating a vehicle's cameras and radar sensors. A shop that sends that work out can bring it in-house with a calibration frame, target boards and a scan tool that runs the procedures. The rig needs a level, open stretch of floor; leveling or resurfacing a floor is property work outside this site.
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 48 months | $736.41 | $35,347.68 | $6,747.68 |
| 60 months | $618.98 | $37,138.80 | $8,538.80 |
The rig in this invented example is a $13,900 frame, a $9,450 target set and a $5,250 scan tool. Taking 60 months instead of 48 lowers the payment by $117.43 a month and adds $1,791.12 of interest, so the shorter term costs less overall if the shop can carry its payment.
Credit line uses for Oklahoma County, OK repair shops: tool upgrades for hybrid and electric vehicles
Servicing hybrid and electric vehicles calls for tools a shop may not own yet: insulated hand tool sets, high-voltage gloves and a glove tester, a battery lift table and a meter rated for the voltages involved. A shop can buy them as that work arrives, draw on a credit line for the purchase and pay the balance down over a few months.
Illustration only, invented figures: a shop draws $9,365 for the set, pays $3,000 back on day 30, another $3,000 on day 60 and the remaining $3,365 on day 90. At a 14.3% annual rate with simple daily interest, the three 30-day stretches in this invented example cost $110.07, $74.81 and $39.55, or $224.43 in all. A partner may also charge a draw or annual fee.
Technicians' own toolboxes and the tools in them belong to the technicians, so they stay out of the shop's request. A cost with nothing to secure it, such as training time on the new tools, fits a working capital loan better than an equipment loan. The merchant cash advance page works an advance for an auto repair shop at two holdback rates, a different product from this line.
Auto repair counts in Oklahoma County, OK and ZIP 73003
County Business Patterns counted 443 automotive repair and maintenance establishments with paid employees in Oklahoma County in 2023 (NAICS 8111). They employed 2,986 people in the March pay period and paid $142,178,000 in annual payroll; 243 of them, or 54.9%, had fewer than five employees.
Nonemployer Statistics, a separate program, counted 894 automotive repair and maintenance businesses without paid employees in the county in 2024. The two counts measure different businesses and are never added together.
In ZIP 73003, one of the ZIP Codes inside Edmond, 20 automotive repair and maintenance establishments with paid employees had an address in 2023 (ZIP Code Business Patterns). Other storefront and service businesses with pages are listed on the industries hub, and the Edmond, OK page covers the city itself.
By Skywater Business Funding ยท Updated
