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Collision Champs Florida 1 LLC

Hollywood, FL · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Collision Champs Florida 1 LLC, located in Hollywood, Florida, operates in automotive body, paint, and interior repair and maintenance (NAICS 811121). The company was financed with an SBA 7(a) loan for a change of ownership of $2.1 million, approved by Locality Bank on September 30, 2025.

SBA 7(a) loan, change of ownership, approved Sep 30, 2025

$2,088,200 approvedLender: Locality Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,088,200
SBA-guaranteed amount
$1,566,150 (75% of the approval)
Lender
Locality Bank, Fort Lauderdale, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
September 30, 2035 (estimated, approval date plus term)
Estimated monthly payment
$27,886 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-23
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 70% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
  • Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
  • Average acquisition loan in Florida: $1,808,559.

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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