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Bayport Auto Clinic LLC

Bayport, MN · General Automotive Repair · NAICS 811111

Bayport Auto Clinic LLC is a general automotive repair business in Bayport, Minnesota, classified under NAICS 811111 (General Automotive Repair). The company was financed with an SBA 7(a) loan for a change of ownership of $674,500, approved through First State Bank and Trust on December 11, 2025.

SBA 7(a) loan, change of ownership, approved Dec 11, 2025

$674,500 approvedLender: First State Bank and Trust239 months termStatus not reported (SBA exemption)Loan details
Gross approval
$674,500
SBA-guaranteed amount
$505,875 (75% of the approval)
Lender
First State Bank and Trust, Bayport, MN
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9.5%, variable
Term
19 years, 11 months (239 months)
Estimated maturity
November 11, 2045 (estimated, approval date plus term)
Estimated monthly payment
$6,296 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 2, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Washington County, MN
SBA district office
Minnesota District Office
Congressional district
MN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 20% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Minnesota: $1,482,119.

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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Same industry in Minnesota