Main Street Registry

Atlantic Air Conditioning & Auto Repair

Oakland Park, FL · General Automotive Repair · NAICS 811111

Atlantic Air Conditioning & Auto Repair, located in Oakland Park, Florida, operates in General Automotive Repair. It was financed with an SBA 7(a) loan for a change of ownership of $990,000, approved on February 20, 2025, by First Internet Bank of Indiana.

SBA 7(a) loan, change of ownership, approved Feb 20, 2025

$990,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$990,000
SBA-guaranteed amount
$742,500 (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%, variable
Term
10 years (120 months)
Estimated maturity
February 20, 2035 (estimated, approval date plus term)
Estimated monthly payment
$13,083 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 45% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Florida: $1,808,559.

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.

Same industry in Florida