Auto Repair Shop Feasibility Study in the San Antonio-New Braunfels, TX Metro Area

Repair shops in the San Antonio area

Across FY2017 to FY2026, SBA's files hold 78 loans for automotive mechanical repair (car and truck) around San Antonio and New Braunfels, with $45.1 million of gross dollars approved. Within the area's own class list, this one is 6 of 39, and the area stands 33 of 660 among metro and micro areas ranked for the class. A location quotient of 1.28x shows repair shops taking a heavier slice of the local book than the national mix gives them. Bexar County carries 57 loans, Comal County 7 and Guadalupe County 5, making this overwhelmingly a Bexar County record.

Ticket size, franchises and programs

The median loan of $390,100 is 1.66x the class median nationwide, and most loans run from $149,100 to $823,250. For a borrower, a typical shop loan well above the national norm means a plan should explain why the project needs that scale. SBA 7(a) accounts for 73 of them and SBA 504 for 5. Franchised shops account for 23.1% of loans, so about a quarter of the record involves a brand, and independent shops make up the remainder.

What the class leaves out

SBA's industry coding folds truck service into the car repair code, which leaves the two inseparable on this page. Different classes cover bodywork and paint, interiors, windshield glass, oil changes and the remaining automotive repair. A collision shop, a glass shop or a quick lube bay should not borrow evidence from this page.

Holders and the years on file

Each name below is a current holder in SBA's files, not a maker of the loan, and each holds 5 loans on the 7(a) list. Regions Bank holds $5.4 million, The Huntington National Bank holds $2.5 million, and Newtek Bank, National Association holds $763,100. Approvals ran 10 loans and $2.7 million in FY2018, 7 and $5.1 million in FY2020, 7 and $4.2 million in FY2021, 12 and $11.5 million in FY2022, 9 and $6.2 million in FY2023, then 11 and $3.7 million in FY2024. FY2022 is the largest year on both measures. FY2017, FY2019, FY2025 and FY2026 are withheld, and withheld is not zero.

Cancellations and the feasibility questions

Cancellation after approval reaches at least 10.8% for approvals made FY2017 to FY2024, and the ceiling prints identically at 10.8%. Loan Analytics withholds the charge-off rate because its FY2017 to FY2021 cohort has fewer than 30 loans. Each loan is placed in a metro by project county against the July 2023 boundaries, matched by county name, with no place in any area for a loan whose county is unplaceable, so the counts are a minimum. A study for a shop in this region should test bay count against the vehicles and drivers near the site, the supply and pay of technicians, the price of lifts and diagnostic equipment, and coverage of debt service through a slow opening year. The appraisal will value land and building separately from the business.