A line that’s there in January because you opened it in July.
Liftbay Capital opens shop lines of credit from $25,000 to $500,000, with draws repaid over 6 to 24 months, a 600 minimum FICO, 12 months in business, and $25,000 a month in deposits. You pay only on what you draw. Funded in 1 to 3 business days, and same-day on draws once the line is open — parts and tire inventory on your schedule.
What are the criteria?
Line of credit — criteria
- Line size
- $25,000 – $500,000
- Draw repayment
- 6 – 24 months per draw
- Minimum credit score
- 600
- Minimum time in business
- 12 months
- Minimum monthly deposits
- $25,000
- Documents
- Application + 3 months of business bank statements
- Cost
- Charged only on the drawn balance. No cost on an unused line.
- Draw speed
- Same business day once the line is open
- Maintenance fee
- None
- Line review
- Every 6 months; lines grow with deposit history
- Initial setup
- 1 – 3 business days
- Underwritten
- In-house by Liftbay Capital
Why is a line the right product for a shop with a seasonal rhythm?
A working capital advance is a single event: you take the money, you repay it, it’s done. A line is a tool you keep. Open it in your strong months, when the statements look their best and underwriting is easiest, then draw against it in the months that don’t.
That ordering matters in this trade. Tire shops buy the winter wall in the fall and sell it through February. General repair sees the A/C rush in late spring and a lull after the holidays. Collision shops ride hail and ice seasons, then wait on the carriers. The worst time to go looking for capital is the week you need it, with three soft statements in hand.
Open the line in July.
An unused line costs nothing. There is no maintenance fee and no cost on an undrawn balance. You are charged only on what you actually draw.
Lines are reviewed every 6 months and grow with deposit history. Once the line is open, a draw lands the same business day.
Already carrying an advance and need recurring access instead? Working capital funds faster with no credit minimum, and a term loan is the consolidation path. Call and we will tell you which one fits before you apply.
What do shops draw a line of credit for?
| Draw | Typical amount |
|---|---|
| Winter tire inventory bought in the fall | $25,000 – $250,000 |
| Parts for a run of big collision jobs before the insurer pays | $15,000 – $150,000 |
| Covering tech payroll across two slow weeks | $20,000 – $80,000 |
| Auction purchases for a used-car lot between retail sales | $25,000 – $200,000 |
| Bridging a fleet account that pays net-30 or net-45 | $20,000 – $150,000 |
| A new scan tool, a lift or a tire machine without draining the account | $10,000 – $60,000 |
If your draws are always against invoices your fleet or dealer customers haven’t paid yet, compare invoice factoring — it is usually cheaper for that exact pattern.
What a shop needs to qualify.
Every number below is a real criterion. If you clear these, apply. If you don’t, call us and we’ll tell you what would change it.
| Minimum monthly revenue | $15,000 in business bank deposits |
|---|---|
| Minimum time in business | 6 months |
| Minimum credit score | None for working capital or factoring. 600+ for a line of credit. 650+ for a term loan. 680+ for SBA. |
| Funding range | $10,000 to $2,000,000 for working capital. Up to $5,000,000 for term loans, SBA, and factoring facilities. |
| Time to a real offer | About 4 business hours on a complete file. |
| Time to funding | 24 hours. Same day if a clean file is signed before 11:00 AM ET. |
| Documents required | Application plus your 3 most recent months of business bank statements. 4 months if your shop is seasonal. |
| Contract length | 2 pages. |
| Repayment | Fixed daily or weekly ACH from your operating account. No split of your card sales. No holdback percentage. No lockbox. |
| Prepayment discount | Up to 30% off the remaining cost of funding when a working capital advance is paid off within the first 30, 60, or 90 days. |
| Insurance & fleet checks | Counted. Insurer and DRP payments, fleet-account checks, warranty reimbursements and cash all count as deposits. We underwrite the bank statement, not the card terminal. |
| Shop-management software | None required. Whatever you write estimates and invoices on makes no difference to underwriting. |
| Shop types approved | Independent general repair, collision and body, tire and wheel, quick lube, transmission, diesel and truck, European and import specialists, auto glass, detailing and wraps, mobile mechanics, fleet maintenance, performance and restoration shops, franchise service centers, independent used-car dealers and buy-here-pay-here lots. |
| Not required | Collateral for working capital. A business plan. Tax returns under $500,000. A particular parts supplier or DRP agreement. A minimum number of bays or lots. |
| Open to | U.S. businesses with a U.S. business bank account. All 50 states. |
Four minutes. Three bank statements. No credit impact to apply.
Line of credit questions, answered.
What does an unused line cost?
Nothing. There is no maintenance fee and no cost on an undrawn balance. Liftbay Capital charges only on what you actually draw, which is why shop owners open the line in their strong months and leave it sitting until tire season or a slow stretch of insurer checks.
How fast is a draw?
Same business day once the line is open. Opening the line itself takes 1 to 3 business days on a complete file.
Can the line grow?
Yes. Lines are reviewed every 6 months and grow with deposit history. A shop that opens at $50,000 and runs clean through a winter routinely comes up at review.
Is a shop line of credit secured?
It carries a UCC-1 filing and a personal guarantee. It is not secured by specific collateral, so your lifts, tools and inventory are not pledged.
Working capital or line of credit for a tire shop?
If the need repeats every year — the winter tire build, the spring A/C rush — a line is cheaper because you only pay on what you draw, and only while it is out. If you need money this week and don’t have 12 months in business or a 600 FICO yet, working capital is the path. The full comparison is in the guide.
Open it in your strong month. Draw in your slow one.
$25,000 to $500,000, 600+ FICO, 12 months in business. Pay only on what you draw, and nothing at all on an unused line.