Automotive Personnel
Automotive Personnel is an employment placement agency in Tampa, Florida, classified under NAICS code 561311. The company was financed with an SBA 7(a) loan for a change of ownership of $540,000, approved on December 11, 2024 by First Internet Bank of Indiana, with a 120-month term. The loan is associated with 2 jobs.
SBA 7(a) loan, change of ownership, approved Dec 11, 2024
$540,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $540,000
- SBA-guaranteed amount
- $405,000 (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
- 10 years (120 months)
- Estimated maturity
- December 11, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,362 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 561311, Employment Placement Agencies
- Project location
- Hillsborough County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-14
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 7% of acquisition loans in Employment Placement Agencies on this site.
- Average acquisition loan in Employment Placement Agencies: $2,146,432.
- 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.
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