Evola Service LLC
Evola Service LLC is located in Mount Clemens, MI, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,113,000 for a change of ownership on May 13, 2026.
SBA 7(a) loan, change of ownership, approved May 13, 2026
- Gross approval
- $1,113,000
- SBA-guaranteed amount
- $834,750 (75% of the approval)
- Lender
- First State Bank, Eastpointe, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 13, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $13,949 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 3, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 49% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Michigan: $1,645,728.
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 Michigan
- Driven Auto Group LLC, Lansing
- Lakeshore Auto Services, LLC, Charlevoix
- Automotive First, Inc, Walled Lake
- Quick Service Center Auto Repair, LLC, Madison Heights
- Portage Tire and Auto Repair L.L.C., Hancock
- Midas of Cadillac, LLC, Cadillac
- McNeal Automotive LLC, Pontiac
- Amj Services, Inc, Marquette