Automotive & Equipment
Business Funding for Tire Shops
Tire shops require a heavy upfront investment in inventory. A single set of tires takes up space and ties up $400 to $2,000 in capital, and you need hundreds of sets to serve walk-in customers without delays. Tire changers, balancers, and alignment machines are the other major expense. The business model works on volume and speed, so anything that slows down your bays or leaves customers waiting costs you money.
Common Uses
What Tire Shops Use Funding For
- Stock tire inventory across passenger, light truck, commercial, and specialty sizes
- Purchase tire changers, wheel balancers, and four-wheel alignment systems
- Add TPMS programming tools and nitrogen inflation systems
- Expand the shop to add more service bays and a dedicated alignment rack
Funding Options
Best Funding Types for Tire Shops
Inventory Financing
Borrow against your tire inventory to maintain deep stock without draining cash. Tires are a commodity with a clear wholesale value, making them straightforward collateral. Restock popular sizes and clear slow movers without cash flow strain.
Equipment Financing
Finance Hunter, Coats, or Ranger equipment for tire changing, balancing, and alignment. This equipment is standardized across the industry and has well-established resale values.
Merchant Cash Advance
Tire shops process heavy card volume from retail customers, making MCAs easy to qualify for. Use one for a quick inventory restocking or equipment upgrade when you need to move fast.
What Lenders Look For
Qualification Notes for Tire Shops
Related Industries
Related Automotive & Equipment Funding
By Location
Tire Shops Funding by City
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