ACC Repair & Painting LLC dba Mighty Muffler
ACC Repair & Painting LLC dba Mighty Muffler is located in Decatur, GA, and operates in the All Other Automotive Repair and Maintenance industry (NAICS 811198). The business was financed with an SBA 7(a) loan for a change of ownership of $874,000 from Renasant Bank, with approval dated October 24, 2023.
SBA 7(a) loan, change of ownership, approved Oct 24, 2023
$874,000 approvedLender: Renasant Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $874,000
- SBA-guaranteed amount
- $655,500 (75% of the approval)
- Lender
- Renasant Bank, Tupelo, MS
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- October 24, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $8,566 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 2, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 811198, All Other Automotive Repair and Maintenance
- Project location
- Dekalb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in All Other Automotive Repair and Maintenance on this site.
- Average acquisition loan in All Other Automotive Repair and Maintenance: $1,674,977.
- Average acquisition loan in Georgia: $2,017,638.
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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