Main Street Registry

General Enterprise Group LLC

Phoenix, AZ · General Automotive Repair · NAICS 811111

General Enterprise Group LLC is located in Phoenix, AZ, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,034,000 for a change of ownership on October 6, 2023.

SBA 7(a) loan, change of ownership, approved Oct 6, 2023

Gross approval
$1,034,000
SBA-guaranteed amount
$775,500 (75% of the approval)
Lender
Midwest Regional Bank, Festus, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
October 6, 2048 (estimated, approval date plus term)
Estimated monthly payment
$10,322 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 13, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Arizona