Jimmie Tucker & Son Transmission, Inc
Jimmie Tucker & Son Transmission, Inc is a general automotive repair business located in Pine Bluff, Arkansas, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $1,757,000, provided by Milestone Bank with an approval date of March 6, 2025.
SBA 7(a) loan, change of ownership, approved Mar 6, 2025
$1,757,000 approvedLender: Milestone Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,757,000
- SBA-guaranteed amount
- $1,317,750 (75% of the approval)
- Lender
- Milestone Bank, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 6, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $23,463 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 28, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Jefferson County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 76% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Arkansas: $2,003,702.
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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