Main Street Registry

Carroll Auto Repair L.L.C.

Ewing, NJ · General Automotive Repair · NAICS 811111

Carroll Auto Repair L.L.C. is a general automotive repair business located in Ewing, New Jersey, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $509,000, approved on February 7, 2024, by The Huntington National Bank.

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

$509,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$509,000
SBA-guaranteed amount
$381,750 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
25 years (300 months)
Estimated maturity
February 7, 2049 (estimated, approval date plus term)
Estimated monthly payment
$4,989 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Mercer County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 3% 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 Jersey: $1,626,307.

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 Jersey