Auto Repair Shop Feasibility Study in the Albuquerque, NM Metro Area

Bernalillo County does most of the work

Automotive mechanical repair (car and truck) is shown at 4 of 39 among Albuquerque's classes, and Albuquerque is shown at 56 of 660 for it nationally. Of the 35 approvals made between FY2017 and FY2026, worth $13.4 million, Bernalillo County holds 29. Set beside the national mix, Albuquerque yields 1.56x: automotive mechanical repair (car and truck) loans take a larger share there. Nothing in the Albuquerque cell is labelled distinctive.

At $350,000, the median loan is 1.49x the national median across mechanical repair, so local requests run larger than the class nationally, and what they financed is not recorded. Most ordinary loans sit between $142,000 and $567,500. Program split and franchise share are not shown. Use the Albuquerque automotive mechanical repair (car and truck) figures as a record of SBA loans, never a forecast; a automotive mechanical repair (car and truck) plan in Albuquerque still has to prove its own revenue.

A holder and three years

$2.8 million of the 7(a) loans, 6 in number, sit with BMO Bank National Association. A holder is named; how lenders choose borrowers is outside these figures. Three years are shown: FY2019 with 7 loans and $2.3 million, FY2021 at 5 loans and $1.9 million, and FY2024: no loans and $0, a real count for a complete fiscal year.

Loan Analytics leaves out Albuquerque's both loss-side rates given that the Albuquerque FY2017 to FY2021 group holds under 30 loans, and in Albuquerque Loan Analytics' own rule takes over. A withheld rate in Albuquerque is unknown, not nil. The class has coding limits. The code that covers car repair also takes truck repair shops, so truck service cannot be split out. Body, paint and interior work, windshield and glass work, oil changes and all other automotive repair lie outside the class, so a shop that mixes those services is only partly represented in these figures.

Proving up a project in Albuquerque

A repair shop in the Albuquerque area has to be sized in bays and technicians, with the services offered tied to the equipment bill and a named source of skilled labour. Payment cover belongs on a loan near $350,000 with a gradual first year beside it. Where the building is bought or built, an appraisal must carry its cost apart from the shop's value. The federal delineation draws Albuquerque; so loans from counties Albuquerque cannot place stay absent from the totals.