Main Street Registry

I-70 Auto Service & Fleet Repair, Inc.

Kansas City, MO · General Automotive Repair · NAICS 811111

I-70 Auto Service & Fleet Repair, Inc. is a general automotive repair business in Kansas City, MO, classified under NAICS 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $553,000, with First Business Bank as the lender and approval dated November 22, 2024.

SBA 7(a) loan, change of ownership, approved Nov 22, 2024

$553,000 approvedLender: First Business Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$553,000
SBA-guaranteed amount
$414,750 (75% of the approval)
Lender
First Business Bank, Madison, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
10 years (120 months)
Estimated maturity
November 22, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,540 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Jackson County, MO
SBA district office
Kansas City District Office
Congressional district
MO-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 7% 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