Arp's Autohaus, LLC
Arp's Autohaus, LLC is located in Loveland, OH, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,340,500 for a change of ownership on December 17, 2024.
SBA 7(a) loan, change of ownership, approved Dec 17, 2024
- Gross approval
- $1,340,500
- SBA-guaranteed amount
- $1,005,375 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.9%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- December 17, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $10,258 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Clermont County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 61% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Ohio: $1,840,340.
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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