Auto Repair Shop Feasibility Study in the Youngstown-Warren, OH Metro Area

Youngstown-Warren: small shop loans, a high local weight

Inside Youngstown-Warren, auto repair shops stand at 3 of 39 among classes; across areas, Youngstown-Warren stands at 71 of 660. Youngstown-Warren accounts for 26 approved loans, $3.3 million in all, from FY2017 through FY2026. Location quotient 1.21x; median loan $50,000, or 0.21x the national median. Loans here are small against the national median, and the class is more common than nationally.

Strip the smallest and largest quarters and Youngstown-Warren loans run $28,000 to $163,150. All 26 loans are 7(a), with 0 under 504, and franchised units account for 0.00%. SBA shows The Huntington National Bank holding 19 of the 26, $958,000 in all, so one institution sits against most of the file. Mahoning County holds 15 loans and Trumbull County 11.

The calendar

FY2017 shows 7 loans worth $246,000, FY2021 records no loans ($0), and FY2022 records 5 loans worth $153,000. Fiscal years absent for Youngstown-Warren had too few loans. Neither cancellation nor charge-off appears for Youngstown-Warren. Truck service is lumped with car repair in the code and cannot be split out; collision and paint work, glass, oil changes and all other automotive repair are outside the class.

A lender reading the page will see two things at once: a class that is more common here than nationally, with a location quotient above the national line, and loans that are far smaller than the national median. The middle half runs only from $28,000 to $163,150, so even the upper end is modest. For a borrower, that means a request is likely to be read as a tooling and equipment loan unless the plan shows a building purchase or construction cost behind it.

What a Youngstown shop plan has to show

Loans at this scale mostly fund equipment, tools and leasehold work, so a plan should list what the money buys. The study has to match bays and technicians to the car count the site can draw, show labour rate and parts margin, and prove payments covered in a slow first year. A request far above the $50,000 median, or above the top of the middle half at $163,150, needs support from contractor quotes and a purchase or lease contract. The one holder with 19 loans suggests familiarity with this size of request.