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Circle & Square Auto Care

Port Hadlock, WA · General Automotive Repair · NAICS 811111

Circle & Square Auto Care is a general automotive repair business in Port Hadlock, WA, classified under NAICS 811111. It was financed with an SBA 7(a) loan for a change of ownership of $575,000, approved on June 27, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jun 27, 2024

$575,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$575,000
SBA-guaranteed amount
$431,250 (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
10.5%, variable
Term
10 years (120 months)
Estimated maturity
June 27, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,759 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Jefferson County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 9% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • 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.

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Same industry in Washington