Auto Repair Shop Feasibility Study in the Milwaukee-Waukesha, WI Metro Area

Milwaukee's repair shops in the national ranking

Rank first: 35 of 660 for Milwaukee and Waukesha on repairing cars and trucks mechanically loans; rank second: 4 of 39 for repairing cars and trucks mechanically within Milwaukee and Waukesha. The location quotient, 1.08x, lifts the class a notch over its country-wide weight, so repair shops weigh slightly more here than nationally. The record holds 72 loans for $32.9 million across FY2017 to FY2026. Ordinary auto repair loans in Milwaukee and Waukesha run $116,500 to $516,750, centered on $300,000, which is 1.28x of the national auto repair median.

Waukesha County leads with 28 loans, ahead of Milwaukee County with 22, Washington County with 16 and Ozaukee County with 6; the suburban ring holds more of the lending than the central county. 12 Milwaukee and Waukesha auto repair loans use SBA 504, while 60 use SBA 7(a). All 12 of the 504 loans are held by WBD, Inc., worth $5.2 million. Summit CU holds 5 loans worth $785,500, and 7(a) is also where U.S. Bank, National Association sits with 7 worth $2.1 million. Those Milwaukee and Waukesha lender entries as SBA’s holder record, so WBD, Inc.’s policy goes unjudged. Holdings, not wishes. In Milwaukee and Waukesha, auto repair lending has franchise ties plus the charged-off rate is withheld as the cohort is too small; read it as missing.

In Milwaukee and Waukesha, auto repair borrowers saw the FY2017 to FY2024 cohorts ended cancelled, 17.2% at least, recorded cases only. Treating Milwaukee and Waukesha auto repair loans still undisbursed cancelled yields the same 17.2%. The Milwaukee and Waukesha year table lists 9 loans and $3.5 million in FY2017, 10 and $5.3 million in FY2018, 10 and $3.3 million in FY2020, 8 and $5.3 million in FY2022, 8 and $3.7 million in FY2023 and 8 and $4.2 million in FY2024, a flat line with little drift.

Milwaukee auto: the class boundary and what a study tests

Truck service cannot be told in Milwaukee from car repair in Milwaukee and Waukesha, and oil change, glass, paint and body shops belong to other classes. Area membership for the Milwaukee and Waukesha area is decided through the county of the project across Milwaukee within July 2023 area definitions. Unplaceable loans are skipped. A shop study should test bay count and throughput against local service demand, technician labor cost, lift and equipment cost, whether the site is owned or leased, and debt service coverage at the sizes shown; a purchase needs real estate separated from business value in the appraisal. These figures serve as context for an auto repair study in the Milwaukee and Waukesha area; approval is the lender’s call.