Three invented cases for a repair shop: two brake lathes and a fluid exchanger on equipment financing, cordless tools drawn on a credit line and paid down by month, and a used loaner car for customers on a 36-month term loan. In-floor lifts, air lines and added bays are property work outside this site.
At a glance
- Automotive repair and maintenance, Jackson County, MS
63 employer establishments (CBP 2023)
- Repair shops with fewer than five employees
34 of the 63, or 54.0% (CBP 2023)
- Repair shops with a ZIP 39567 address
15 employer establishments (ZBP 2023)
- Repair businesses with no paid employees, Jackson County, MS
190 (NES 2024)
An on-car brake lathe and a bench lathe for a Pascagoula, MS auto repair shop: equipment financing
In an invented case, a general repair shop in Pascagoula, MS brings rotor work in-house with an on-car brake lathe at $9,870, a bench brake lathe at $7,240 and a brake fluid exchanger at $1,960, an invented $19,070 in all.
Spread over 42 months of equipment financing charged 11.55% a year, the invented brake package costs the shop $554.14 a month. The 42 invented payments come to $23,273.88, so $4,203.88 is interest.
All three machines roll or sit on a bench and plug into a standard outlet, which makes them equipment with serial numbers that a funding partner may treat as collateral. A partner may ask for the dealer quote and recent bank statements, and it decides on any offer and term.
Cordless impact wrenches and torque tools: credit line draws for a Jackson County, MS repair shop
A second invented case: the shop replaces worn air tools with a cordless set, an impact wrench kit at $3,480, torque wrenches at $1,320 and a battery and charger bundle at $1,150, an invented $5,950.
The shop charges the invented tool order to a credit line priced at 14.6% a year and pays $1,000 of principal a month plus interest. The invented draw is cleared after 6 payments, with $251.86 of interest across them.
Tool upgrades come in rounds as batteries and wrenches wear out, so a revolving limit can take the next round without a new request each time. A partner sets the limit and may look at bank statements before it does.
A loaner car for customers at a Pascagoula, MS auto repair shop, financed on a term loan
In a third invented case, the shop adds a loaner car for customers who leave a vehicle for a full day of work, buying a two-year-old sedan from a dealer for an invented $17,850.
Financed with a 36-month term loan at 12.65% a year, the invented loaner costs the shop $598.43 a month. Over the three invented years the car costs $21,543.48 in payments, $3,693.48 of it interest.
A loaner is a passenger car used in the shop's own business, so a funding partner may hold its title as collateral and may ask for the dealer invoice and the vehicle identification number. A shorter working capital loan is another route when the shop wants the car paid off sooner; the payment rises and the total interest falls, and the partner decides which, if either, it offers.
Auto repair and maintenance shops in Jackson County, MS: employees per shop, ZIP 39567 and one-person shops
Jackson County, MS had 63 automotive repair and maintenance employer establishments (NAICS 8111) in County Business Patterns 2023, with 344 employees, or about 5.5 per shop.
Just over half, 34 of the 63 (54.0%), had a staff under five. At that size, a set of lathes or a round of tools is a large share of a month's spending, which is why the payment is worth setting against the shop's billed hours.
In ZIP 39567, the ZIP Code Business Patterns file for 2023 counted 15 automotive repair and maintenance establishments by street address.
Nonemployer Statistics 2024 listed 190 automotive repair and maintenance businesses in Jackson County, MS with no paid employees, a separate count from the employer figures. County and ZIP 39567 counts sit on the Pascagoula, MS page, and the other trades are on the industries page.
Shop work on the building outside a Pascagoula, MS request: in-floor lifts, air lines and added bays
These shop costs are property work, so a Deerbrook request leaves them out:
- In-ground lifts, and any lift set into the floor or anchored to the slab as part of the structure.
- Compressed-air piping, floor drains, new electrical circuits and added bays or overhead doors.
- Buying the building or the lot.
- Costs for a shop that has not opened yet.
Machines that roll or sit on a bench, hand and power tools, software, parts stock and payroll are business costs a request can name.
By Deerbrook Lenders · Updated
