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Car Hospital, LLC

Dekalb, IL · General Automotive Repair · NAICS 811111

Car Hospital, LLC is a general automotive repair business in DeKalb, Illinois, classified under NAICS 811111. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1.4 million, approved on September 10, 2026, by Live Oak Banking Company. The loan record lists 8 jobs.

SBA 7(a) loan, change of ownership, approved Sep 10, 2026

$1,400,000 approvedLender: Live Oak Banking Company15 years termCommitted, not fully disbursedLoan details
Gross approval
$1,400,000
SBA-guaranteed amount
$1,050,000 (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
7.75%, variable
Term
15 years (180 months)
Estimated maturity
September 10, 2041 (estimated, approval date plus term)
Estimated monthly payment
$13,178 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
8
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Dekalb County, IL
SBA district office
Illinois District Office
Congressional district
IL-14
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 63% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois