Auto Repair Shop Feasibility Study in the Oklahoma City, OK Metro Area

Oklahoma City: repair shops eighth of 39

Auto repair shops rank 8th among the 39 classes in SBA's Oklahoma City, OK file, and the area is 65th of 660 for the class. The Oklahoma City tally for FY2017 to FY2026 is 30 loans and $16.3 million in gross approvals. The class carries a location quotient of 0.75x here, and Oklahoma City's median of $371,500 equals 1.58x the national median. A typical Oklahoma City request lands somewhere from $142,500 to $697,800, the middle half of the file. In short, fewer shops than the national pattern, but financed at a larger size.

BancFirst holds 5 loans, $1.7 million in all, on SBA's books. Oklahoma County has 17 of the 30 loans. How Oklahoma City loans divide by program is not shown. No franchise share is given for Oklahoma City.

What the class includes, and one printed year

The code files truck service under car repair, so it cannot be isolated. Collision, paint and interior work, glass replacement, oil changes and any other automotive repair sit in separate classes, so a borrower with a collision or quick-lube concept should not use this page as a precedent. FY2020 is the only year that can be shown, with 6 loans worth $3.7 million. Remaining years for Oklahoma City are too sparse to show. A rate needs 30 loans, and Oklahoma City has fewer, so none is published.

Because the cell carries no yearly series beyond FY2020, a lender cannot see from this page whether repair-shop lending is growing or shrinking in Oklahoma City, and a study should not claim either. What it can say is that 17 of the 30 loans sit in Oklahoma County, that the median runs 1.58x the national figure, and that one bank holds 5. A borrower can use those three facts to place a request, and then support it with its own site evidence.

An Oklahoma City mechanical shop, tested

Bays and technicians have to be set against the car count, the labour rate and parts margin, the cost of building and equipment, and the supply of skilled technicians. Payments must be shown as covered through a slow opening year, and the appraisal depends on whether the property is valued as real estate or as a business, so both views belong in the study. With a median of $371,500, a lender will compare the request to that size, and a borrower planning a shop above it should show what the extra cost buys. The middle half printed above gives the range a typical request falls in.