Florence Body, Frame & Towing, Inc.
Florence Body, Frame & Towing, Inc. is an automotive body, paint, and interior repair and maintenance business located in Florence, KY. The company was financed with an SBA 7(a) loan for a change of ownership totaling $703,000, approved on June 8, 2026, through Commercial Bank of California.
SBA 7(a) loan, change of ownership, approved Jun 8, 2026
$703,000 approvedLender: Commercial Bank of California10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $703,000
- SBA-guaranteed amount
- $527,250 (75% of the approval)
- Lender
- Commercial Bank of California, Irvine, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 8, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $9,001 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Boone County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
- Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
- Average acquisition loan in Kentucky: $1,988,993.
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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