SBA 7(a) Auto Repair Shop Feasibility Study in Delaware

What Delaware adds to the national automotive mechanical repair picture

Set beside the country, Delaware contributes 35 SBA 7(a) loans for automotive mechanical repair projects, $12.5 million overall, FY2017 to FY2026. In Delaware the class stands 4 of 39, and Delaware itself ranks 44 among states for automotive mechanical repair. The $85,000 median is 0.47x of the automotive mechanical repair median nationwide under SBA 7(a), so Delaware sits below what automotive mechanical repair tickets show elsewhere. In Delaware, half of automotive mechanical repair loans fall from $30,000 to $452,500, and franchising marks 5.7% of Delaware automotive mechanical repair loans.

The automotive mechanical repair holder table and map for Delaware

Manufacturers and Traders Trust Company tops the Delaware automotive mechanical repair holder list on 18 loans and $965,000. Delaware names follow SBA's current-holder field. New Castle County, 22 loans, Sussex County, 12 loans and Kent County, 1 loan: those are the leading Delaware automotive mechanical repair places.

Year-by-year volume in Delaware

The Delaware automotive mechanical repair record opens at 5 loans and $3.0 million in FY2017, peaks at 10 loans ($3.6 million) in FY2025, and Delaware closes the series at 4 loans and $977,000 in FY2026.

Floors for automotive mechanical repair lenders to read

The Delaware automotive mechanical repair cancellation rate is held back: automotive mechanical repair approvals are too few, so this Delaware page offers no automotive mechanical repair figure for it. For Delaware automotive mechanical repair loans, no Delaware charge-off rate is shown for automotive mechanical repair funded FY2017 to FY2021: the Delaware cohort is under the threshold, and for automotive mechanical repair that is not zero.

Delaware garages: what the lender will ask

In a small state the trade area crosses borders, so a Delaware study should define it by drive time and count the shops and dealer departments inside it. It should estimate billable hours per bay, show how technicians will be hired and kept, and set equipment and lift cost against loans around $85,000. Coverage needs a slow-start case, and an appraiser will view a single-use garage cautiously unless the study shows alternative uses.

Delaware garages: outside the class

Truck repair rides with car repair here, while body and paint, glass and oil-change shops are classified elsewhere, so a Delaware operation in those lines sits outside these figures.