Alabama Truck Outfitters, LLC
Alabama Truck Outfitters, LLC is an automotive parts and accessories retailer in Birmingham, Alabama, in the Automotive Parts and Accessories Retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $810,000, approved on September 9, 2024, by FDIC - Community Bank & Trust-West Georgia. The loan reported 11 jobs.
SBA 7(a) loan, change of ownership, approved Sep 9, 2024
$810,000 approvedLender: FDIC - Community Bank & Trust-West Georgia10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $810,000
- SBA-guaranteed amount
- $607,500 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,388 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 18, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Jefferson County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 36% 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 Alabama: $1,764,717.
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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