Bolt Mechanics Inc.
Bolt Mechanics Inc. is located in Poughkeepsie, NY, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $605,000 for a change of ownership on June 9, 2025.
SBA 7(a) loan, change of ownership, approved Jun 9, 2025
- Gross approval
- $605,000
- SBA-guaranteed amount
- $453,750 (75% of the approval)
- Lender
- Hudson Valley Federal Credit Union, Poughkeepsie, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 9, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,340 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Dutchess County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 12% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in New York: $1,771,512.
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 New York
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