Extra Mile Automotive LLC
Extra Mile Automotive LLC is located in Templeton, CA, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,420,000 for a change of ownership on September 18, 2026.
SBA 7(a) loan, change of ownership, approved Sep 18, 2026
- Gross approval
- $1,420,000
- SBA-guaranteed amount
- $1,065,000 (75% of the approval)
- Lender
- Port 51 Lending LLC, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 18, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $18,374 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- San Luis Obispo County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-24
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in California: $1,688,228.
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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