SBA 504 Auto Repair Shop Feasibility Study in Idaho

Idaho auto repair shop lending: dollars and loan size

In Idaho, automotive repair shops took 29 loans under SBA 504; gross Idaho approvals total $12.1 million from FY2017 through FY2026. $344,000 is the Idaho median, and the middle half of automotive repair shops loans stretches from $205,000 to $525,000. Against the national automotive repair shops median under SBA 504, the Idaho median stands at 0.84x, smaller than the nationwide automotive repair shops book carries. A franchise listing appears on 3.4% of the loans in this auto repair shop cell for Idaho.

Idaho automotive repair shops take rank 16 against other states under SBA 504, and 4 of 39 when set against Idaho's other classes. FY2021 was the Idaho high point, 6 loans and $1.2 million together, with FY2026 at 2 loans, $1.4 million. In Idaho, 504 automotive repair holds 4 of 39 among classes and loans fall below the national median, which points to modest real estate projects.

At the head of the Idaho holder list is Capital Matrix, Inc.: 8 loans and $3.3 million. Next come East-Central Idaho Development Company, which holds 6 loans valued at $2.9 million and Panhandle Area Council, Inc., which holds 5 loans valued at $1.8 million. SBA's Idaho file puts Capital Matrix, Inc. first among 29 loans, where each name holds or held automotive repair shops loans; none is rated. By area, Ada leads with 7 loans, then Kootenai with 5 and Bonneville with 4. Lower on the list are Bingham 2, Blaine 2 and Elmore 2.

Outcomes and data limits for Idaho

Given just 29 loans in Idaho, Idaho cancellation counts through FY2024 stay sparse, just as no Idaho charge-off rate is shown. A blank here is unknown, never zero. Idaho counts reflect mechanical work only: the code merges truck service with car repair, and body, paint, glass and oil change shops live in other classes. SBA lending alone is counted in Idaho.

Testing an Idaho repair shop

Bays and technician hours cap revenue, so show how many billable hours the shop near Ada can sell. Technician hiring is the real constraint. Lifts and diagnostic tools dominate the equipment side, and a loan near $344,000 should match a quoted list. A 504 loan finances the building, and oil, solvents and tanks raise environmental risk, so review the site before an appraisal. Dealers and national chains compete hard, so show how an independent shop keeps customers. Parts supply and warranty work affect margin.