Don's Repair
Don's Repair is located in Burley, ID, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,535,200 for a change of ownership on June 13, 2024.
SBA 7(a) loan, change of ownership, approved Jun 13, 2024
- Gross approval
- $1,535,200
- SBA-guaranteed amount
- $1,151,400 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 13, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $15,325 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 28, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Cassia County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Idaho: $1,527,113.
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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