Better Collision Myrtle Beach LLC
Better Collision Myrtle Beach LLC is located in Myrtle Beach, SC, and the SBA lists its industry as Offices of Other Holding Companies. It was approved for an SBA 7(a) loan of $3,650,000 for a change of ownership on April 9, 2026.
SBA 7(a) loan, change of ownership, approved Apr 9, 2026
- Gross approval
- $3,650,000
- SBA-guaranteed amount
- $2,737,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 9, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $26,382 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 22, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 149
- Business type
- Corporation
- NAICS
- 551112, Offices of Other Holding Companies
- Project location
- Horry County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Offices of Other Holding Companies on this site.
- Average acquisition loan in Offices of Other Holding Companies: $2,410,520.
- Average acquisition loan in South Carolina: $1,827,509.
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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