The Toledo picture for auto repair shops

Toledo repair loans are tiny beside the national median, at 0.27x, in a class that still ranks 4 of 39 locally. From FY2017 through FY2026, SBA approved 30 loans for auto repair shops in Toledo, OH, $4.6 million together. Locally the class stands 4 of 39, and Toledo, OH is 65 of 660 among all metro and micro areas. The Toledo location quotient of 1.09x puts auto repair shops above their national share of loans. Toledo loan size runs low: $62,500 at the median, 0.27x the national median for auto repair shops.

Between $30,000 and $148,500 lies the middle half of the Toledo loans. A project needing much more than $148,500 would sit outside the usual Toledo band. Loan Analytics withholds program counts for Toledo, and none is shown as zero. The franchise share is withheld for Toledo auto repair shops, and it is not zero. The Toledo median stands at $62,500. $30,000 to $148,500 is the usual spread. Say plainly whether the auto repair shop is branded. The study should state its expected program. This class does not split truck work from car work, as both are indexed together; body, glass and oil-change businesses sit elsewhere.

Holders, places and years in Toledo

The SBA 7(a) holder list names The Huntington National Bank, 19 loans and $1.9 million. Each name marks a present holder. It is silent on holder lending. The county table lists Lucas County, OH (19 loans). Volume prints for FY2018, 6 loans at $786,800, FY2019, 0 loans at $0 and FY2023, 6 loans at $963,300. The rest are not printed. Their loan counts are thin. None of them is a zero. The Toledo years that print are too sparse. This Toledo record is a starting point. It cannot stand in for feasibility work.

Testing a auto repair shop project in Toledo

Charge-off and cancellation rates: none for Toledo. The cohort is under Loan Analytics' floor. Read the totals without loss figures. An area is a 2023 county group. The project county places the loan. Name decides the match. Unmatched loans are dropped from every area. $4.6 million over 30 loans is the Toledo backdrop. Every project is judged on its facts. Underwriting a auto repair shop in Toledo turns on billable hours per technician; technician recruitment and retention; warranty and comeback work; vehicles and drivers within reach; environmental rules for fluids and waste; purchase or build cost set beside the $62,500 median loan; repeat customers and fleet accounts; cash flow through slow seasons; and appraisal of a repair property. The record implies no approval in Toledo. Context is all that the record gives.

SBA automotive mechanical repair (car and truck) loans in the Toledo, OH Metro Area

Loans approved, FY2017 to FY2026	30
Gross dollars approved	$4.6 million
Median loan	$62,500
Middle half of loans, from	$30,000
Middle half of loans, to	$148,500
SBA 7(a) loans	withheld
SBA 504 loans	withheld
Franchise share of loans	withheld
Rank among metro and micro areas for automotive mechanical repair (car and truck) loans	65 of 660
Rank of automotive mechanical repair (car and truck) among the classes in this area	4 of 39
Location quotient (share of loans against the national share)	1.09x
Median loan against the national median for the class	0.27x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA automotive mechanical repair (car and truck) loans approved in the Toledo, OH Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	withheld	withheld
FY2018	6	$786,800
FY2019	0	$0
FY2020	withheld	withheld
FY2021	withheld	withheld
FY2022	withheld	withheld
FY2023	6	$963,300
FY2024	withheld	withheld
FY2025	withheld	withheld
FY2026	withheld	withheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
The Huntington National Bank	19	$1.9 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Lucas County, OH	19

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

Truck service cannot be separated from car repair. Not in this class: body, paint and interior 811121, glass 811122, oil change 811191 and all other automotive repair 811198.

Shared code: Truck repair shops are indexed to 811111 with car repair.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-45780-C28.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a automotive mechanical repair (car and truck) project in the Toledo, OH Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Auto Repair Shop Feasibility Study in the Toledo, OH Metro Area