Main Street Registry

Elite Auto Repair NC, Inc

Smithfield, NC · General Automotive Repair · NAICS 811111

Elite Auto Repair NC, Inc, located in Smithfield, NC, is classified under general automotive repair (NAICS 811111). The company was financed with an SBA 7(a) loan for a change of ownership of $1,503,100, approved on June 25, 2026 by Truliant FCU.

SBA 7(a) loan, change of ownership, approved Jun 25, 2026

$1,503,100 approvedLender: Truliant FCU25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,503,100
SBA-guaranteed amount
$1,127,325 (75% of the approval)
Lender
Truliant FCU, Winston-Salem, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, fixed
Term
25 years (300 months)
Estimated maturity
June 25, 2051 (estimated, approval date plus term)
Estimated monthly payment
$12,103 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Johnston County, NC
SBA district office
North Carolina District Office
Congressional district
NC-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 70% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina