Main Street Registry

Bill's Collision Center LLC

Moses Lake, WA · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Bill's Collision Center LLC is an automotive body, paint, and interior repair and maintenance business in Moses Lake, WA. The company was financed with an SBA 7(a) loan for a change of ownership of $2.1 million, approved on April 23, 2024, by Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Apr 23, 2024

$2,107,500 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,107,500
SBA-guaranteed amount
$1,580,625 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
April 23, 2049 (estimated, approval date plus term)
Estimated monthly payment
$18,413 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Grant County, WA
SBA district office
Seattle District Office
Congressional district
WA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
  • Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington