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Best in Show Collision Repair LLC

Garland, TX · General Automotive Repair · NAICS 811111

Best in Show Collision Repair LLC is a general automotive repair business in Garland, Texas, classified under NAICS 811111. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,156,100, approved on January 18, 2024, by First United Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Jan 18, 2024

$1,156,100 approvedLender: First United Bank and Trust Company119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,156,100
SBA-guaranteed amount
$867,075 (75% of the approval)
Lender
First United Bank and Trust Company, Durant, OK
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
December 18, 2033 (estimated, approval date plus term)
Estimated monthly payment
$15,513 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 52% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas