AAMCO Transmissions & Total Car Care
AAMCO Transmissions & Total Car Care is a specialized automotive repair business located in Springdale, Arkansas, in the industry of specialized automotive repair. The business was financed with an SBA 7(a) loan for a change of ownership of $1.619 million, approved by First Internet Bank of Indiana on September 13, 2024.
SBA 7(a) loan, change of ownership, approved Sep 13, 2024
$1,619,000 approvedLender: First Internet Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,619,000
- SBA-guaranteed amount
- $1,214,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 13, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $15,576 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 811114, Specialized Automotive Repair
- Project location
- Washington County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 47% of acquisition loans in Specialized Automotive Repair on this site.
- Average acquisition loan in Specialized Automotive Repair: $1,800,258.
- Average acquisition loan in Arkansas: $2,003,702.
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.
Is this your company? Claim or correct this listing. See Corrections.