How Do I Finance My Christian Brothers Automotive?
Auto repair franchise opportunities have several funding options
There are any number of different ways you can finance one of the Christian Brothers auto repair franchise opportunities. Most new owners finance their Christian Brothers Automotive business through Small Business Administration (SBA) loans, which banks readily provide to franchisees thanks to Christian Brothers’ perfect track record of repayment. Others finance through friends and family or other sources of financing.
Christian Brothers Automotive has been ranked the No.1 top-performing franchise by United States Automobile Association (USAA), which runs an annual report showing the SBA default rate for different franchises. Christian Brothers is among a handful of franchises that has never had a franchisee default on an SBA loan. That, coupled with our franchisee satisfaction scores in a Franchise Business Review survey, pushed us to the top of USAA’s list.
Christian Brothers franchisees are generally able to obtain a loan for about 80% of the cost of their business. In a typical case, the owner’s initial investment is $75,000 with an SBA loan amount between $325,000 – $400,000 for 10 years.
Now, we realize that many people who would love to start one of our auto repair franchise opportunities don’t have $75,000 sitting in their checking and savings accounts, and that’s okay. If you have at least $75,000 in liquid capital — which includes checking accounts, savings accounts and money in mutual funds and other investment vehicles that can be sold without penalty — Christian Brothers can help study your assets in order to find ways to finance. For instance, you may have a little-used classic car or boat that could help you meet the qualifications for financing. If you have any doubts, contact us by filling out the form at right or calling us at the number at the top of this page, and we’ll be happy to help.