SBA 7(a) OIL CHANGE BUSINESS LOANS
Key Benefits of SBA 7(a) Loans for Oil Change Businesses
SBA 7(a) loans provide oil change businesses with flexible financing tailored to their operational needs. These loans support essential upgrades and equipment purchases, empowering companies to enhance service offerings and boost profitability.
Extended Repayment Terms
Repayment terms for SBA 7(a) loans are flexible, ranging up to 10 years for general business needs and up to 25 years for real estate. You can prepay loans under 15 years without penalties anytime. For longer loans, a prepayment penalty applies for the first three years — 5% in the first year, 3% in the second, and 1% in the third. After this period, you’re free to repay without penalties, offering greater control.
Competitive Interest Rates
Take advantage of SBA 7(a) loans’ favorable interest rates to reduce the cost of financing for your business. The government guarantee minimizes our risk, allowing us to offer you more competitive terms than standard lenders.
Low Down Payments
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Versatile Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Oil Change Business?
SBA 7(a) loans empower oil change business owners to invest in critical areas that drive efficiency, growth, and customer satisfaction.
Buy an Oil Change Business
Acquiring an existing oil change business with an SBA 7(a) loan allows you to take over a fully operational shop with an established customer base. With flexible financing options and low down payments, you can secure ownership while keeping capital available for inventory, staffing, and marketing. Learn About SBA 7(a) Loans for Buying a Business
Build a New Oil Change Shop
Constructing a new oil change shop allows you to design a high-efficiency facility tailored to customer demand. An SBA 7(a) loan provides financing for land acquisition, construction, equipment, and initial operating costs, helping you establish a successful location. Basics of SBA 7(a) Loans for New Construction
Expand to a Second Location
Opening a second oil change location can help you serve more customers and increase revenue. An SBA 7(a) loan provides funding for leasing, renovations, equipment, and hiring, allowing you to scale your business with confidence. Explore SBA 7(a) Loans for Expanding Your Business
Get Working Capital
Maintaining steady cash flow is essential for managing payroll, stocking motor oil and filters, and handling marketing expenses. An SBA 7(a) loan provides flexible working capital to support daily operations, expand services, and navigate seasonal fluctuations. Tap Into SBA 7(a) Loans for Daily Business Expenses
Debt Refinancing
Lower your monthly loan payments and improve cash flow by refinancing existing business debt with an SBA 7(a) loan. Consolidating high-interest loans into one manageable payment allows you to reinvest in business improvements and future growth. Secure Better Loan Terms with SBA 7(a) Debt Refinancing
Solutions for Every Stage of Your Oil Change Business
Our SBA 7(a) loans are designed to support oil change professionals throughout their careers, whether you're starting a new business, growing your client base, or preparing for retirement.