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Christies Service

Westport, CT · General Automotive Repair · NAICS 811111

Christies Service, located in Westport, CT, operates in general automotive repair (NAICS 811111). The business was financed with an SBA 7(a) loan for a change of ownership of $975,000, approved on June 26, 2024, by Connecticut Community Bank, National Association.

SBA 7(a) loan, change of ownership, approved Jun 26, 2024

$975,000 approvedLender: Connecticut Community Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$975,000
SBA-guaranteed amount
$731,250 (75% of the approval)
Lender
Connecticut Community Bank, National Association, Norwalk, CT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
June 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,156 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Western Ct County, CT
SBA district office
Connecticut District Office
Congressional district
CT-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 44% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Connecticut: $1,992,959.

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 Connecticut