3SX Performance Auto Parts, Inc.
3SX Performance Auto Parts, Inc. is an automotive parts and accessories retailer located in Concord, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,385,400, approved by Truliant FCU on January 24, 2024.
SBA 7(a) loan, change of ownership, approved Jan 24, 2024
$2,385,400 approvedLender: Truliant FCU25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,385,400
- SBA-guaranteed amount
- $1,789,050 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 24, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $22,950 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Cabarrus County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 85% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- Average acquisition loan in North Carolina: $1,952,444.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in North Carolina
- Truck Outfitters, Garner