Come On Bro Auto LLC
Come On Bro Auto LLC, located in Latrobe, PA, operates in specialized automotive repair. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,340,000, approved by 1st Summit Bank on March 20, 2025.
SBA 7(a) loan, change of ownership, approved Mar 20, 2025
$1,340,000 approvedLender: 1st Summit Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,340,000
- SBA-guaranteed amount
- $1,005,000 (75% of the approval)
- Lender
- 1st Summit Bank, Johnstown, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 20, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $17,156 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 811114, Specialized Automotive Repair
- Project location
- Westmoreland County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 37% of acquisition loans in Specialized Automotive Repair on this site.
- Average acquisition loan in Specialized Automotive Repair: $1,800,258.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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