Mechanical, tire and diesel shops in Williston, North Dakota can use this page to match equipment, stock and shop purchases to funding types before Willowpeak Capital Group passes a request to funding partners.
At a glance
- Automotive repair and maintenance, Williams County, ND
Auto repair and maintenance shops, Williams County, ND: 43 employer establishments, 224 paid employees (CBP 2023)
- Automotive repair and maintenance, ZIP 58801
Auto repair and maintenance shops with a ZIP 58801 address (Williston, ND area): 40 (ZBP 2023)
- Auto repair without paid employees, Williams County, ND
Auto repair businesses without paid employees, Williams County, ND: 41 (Nonemployer Statistics 2024)
Auto Repair Shop Loan: Tire Machines and Tire Stock
A tire machine and the tires it mounts are two requests. The machine is equipment with a dealer price and resale value; the tire stock is inventory that turns over within months. Financing them separately keeps the stock loan short and the machine on a term that fits its life.
Illustration only, invented figures: a shop finances a $18,500 tire machine and balancer combination over 36 months at an annual rate of 13%: about $623 a month, $22,440 in total payments and $3,940 in interest.
Auto Repair Business Loan When a Williston, ND Auto Repair Shop Needs Air Compressors
A rotary screw compressor, the air lines and the dryer are equipment the shop will run for years. Smaller items such as impact guns can be bundled into the same request so the shop does not open several small accounts.
Illustration only, invented figures: a $9,800 compressor package over 24 months at an annual rate of 13.5% would cost about $468 a month and $1,437 in interest.
Mechanic Shop Loans When a Williston, ND Auto Repair Shop Needs Two-Post Lifts
A two-post lift is the standard mechanic shop purchase, and a heavy-duty four-post or mobile column lift for pickups and service trucks is a larger one. Both are financeable as equipment; installation and any concrete work may need to be priced separately.
Williams County, ND counted 43 automotive repair and maintenance shops with paid employees in 2023, 22 of them general automotive repair, and 25 of the 43 had fewer than five employees (County Business Patterns).
Repair Shop Financing When a Williston, ND Auto Repair Shop Needs Scan Tools
Scan tools and diagnostic software are equipment, but they lose value as models change, so partners may set a shorter term. A subscription for software updates is an operating cost, better carried on a credit line than financed with the hardware.
Commercial and industrial machinery repair, the diesel and heavy equipment side, had 23 employer establishments in the county in 2023 (County Business Patterns). Those shops buy the same kind of lifts and diagnostic gear on a larger scale.
Auto Repair Line of Credit and a Shop Purchase: Notes for Williston, ND Repair Shops
A credit line covers the parts bill between buying parts and collecting from customers, and the tire stock bought ahead of a busy stretch. Buying an existing shop is a different request: a term loan sized to the price, with the equipment list, the lease and the seller's returns behind it.
The article on heavy-duty lifts prices one lift three ways, and the term loan page covers shop purchases.
How to Finance Auto Repair? Tire Machines, Tire Stock and the Answer for Repair Shops
Financing auto repair starts with what the money buys. Equipment goes on equipment financing. Tire and parts stock goes on inventory financing or a credit line. A shop purchase or a bay addition goes on a term loan. Payroll while fleet invoices are outstanding goes on working capital.
Williams County, ND also had 41 auto repair businesses without paid employees in 2024 (Nonemployer Statistics), counted separately from the employer shops.
The Equipment List, the Parts Spend and the Fleet Accounts at a Williston, ND Shop
A repair shop helps its own request by listing what it owns: each lift, compressor, tire machine and scan tool, with its age and whether it is paid off. That list tells a partner how much of the shop is already financed and what a new machine adds.
Next comes the monthly parts spend and how customers pay. A shop paid mostly by card has steady daily deposits. A shop with fleet or oilfield accounts may wait 30 days or more for some invoices, which is a working capital or credit line question rather than an equipment one.
- Three to six months of the shop's business bank statements
- The latest business tax return
- The equipment list with ages and balances
- The dealer quote for the new machine
- An accounts receivable aging if fleet accounts are open
Automobile dealers are counted separately from repair shops: the county had 7 with paid employees in 2023 (County Business Patterns). A dealer's service department buys the same lifts and tools and can use the same equipment request.
By Willowpeak Capital Group · Updated
