Jamieâs Transmission Service, Inc.
Jamie's Transmission Service, Inc. is a specialized automotive repair business in Snohomish, Washington, classified under NAICS 811114. The company was financed with an SBA 7(a) loan for a change of ownership of $765,000, approved by Bank of America, National Association, on December 17, 2024.
SBA 7(a) loan, change of ownership, approved Dec 17, 2024
$765,000 approvedLender: Bank of America, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $765,000
- SBA-guaranteed amount
- $573,750 (75% of the approval)
- Lender
- Bank of America, National Association, Charlotte, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.46%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 17, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,671 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 811114, Specialized Automotive Repair
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 5% of acquisition loans in Specialized Automotive Repair on this site.
- Average acquisition loan in Specialized Automotive Repair: $1,800,258.
- Average acquisition loan in Washington: $1,784,595.
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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