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Huddleston Investments Inc.

Saint Louis, MO · General Automotive Repair · NAICS 811111

Huddleston Investments Inc., located in Saint Louis, Missouri, operates in general automotive repair (NAICS 811111). The business was financed with an SBA 7(a) loan for a change of ownership of $3.07 million, approved on February 14, 2024, through Live Oak Banking Company, and the loan lists 21 jobs.

SBA 7(a) loan, change of ownership, approved Feb 14, 2024

$3,067,000 approvedLender: Live Oak Banking Company20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,067,000
SBA-guaranteed amount
$2,300,250 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
20 years (240 months)
Estimated maturity
February 14, 2044 (estimated, approval date plus term)
Estimated monthly payment
$29,597 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Saint Louis County, MO
SBA district office
St. Louis District Office
Congressional district
MO-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 96% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Missouri: $1,584,414.

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 Missouri