Car Workshop / Mechanic Business Loans

Loan Overview

The convenience that comes with a car is largely unparalleled. However, imagine being so used to having a car that you’re left handicapped once your car breaks down. You’ll most likely wish to have your car repaired and returned back to you in the shortest time possible.

This is when you turn to car workshops for their expertise and help. As a car owner who is heavily dependent on your car, you would want your car to be serviced in the shortest time possible, by qualified and reputable mechanics with high accuracy.

With a Car Workshop / Mechanic Business Loan from SBL Singapore, you’ll be able to set up your own car workshop /mechanic business, receive valuable tips as first time business owners or simply grow your car workshop business to its full potential.

Car-Workshop-Mechanic-Business-Loans-in-Singapore

At SBL Singapore, we have helped a variety of business owners achieve their dreams of owning and improving their own business. Three of them include brothers Mr Low Zhi Xian and his two brothers. They work at Aspire Mechanics, a reputable car workshop that has been in the industry for over 50 years which is owned by their parents. After both their parents retired, the car workshop naturally got passed down to the Low siblings.

After which, the Low siblings sat down to talk about refurbishing the car workshop moving forward. They realised that there were quite a few areas that required improvement: out of date and old equipment, lack of an online presence, missing certain parts that aren’t present during the repair works and the opportunity to import better quality parts that last past their warranty.

They hoped that through rectifying such issues, they will be able to improve their quality of service they provide to their customers and hopefully also shorten the time taken to service each vehicle. However, as with all overhauls, such improvements required a substantial amount of money.

This was when they chanced upon SBL Singapore and decided to try their luck by applying for a loan with us and we managed to help them with the necessary funding. Today, three years on, Aspire Mechanics is doing very well and they are also able to provide better service to their customers due to sturdier and better quality parts which they import from overseas.

With SBL Singapore’s financing, we can help you:

  • Buy or lease equipment(s)
  • Purchase inventory or supplies
  • Rent space or remodel
  • Create and execute a marketing campaign
  • Hire and train staff
  • Secure the licenses and other permits you may need

Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the car workshop / mechanic industries. We also gather mentors in related fields through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.

With a Car Workshop / Mechanic Business Loan, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.

Loan Details
  • Max Loan Amount$1,000,000
  • Min Years to Qualify0.5
  • Min. Annual Turnover< $100,000