Key Auto Repair
Key Auto Repair is located in Orlando, FL, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $2,700,000 for a change of ownership on March 2, 2024.
SBA 7(a) loan, change of ownership, approved Mar 2, 2024
- Gross approval
- $2,700,000
- SBA-guaranteed amount
- $2,025,000 (75% of the approval)
- Lender
- SouthState Bank, National Association, Winter Haven, FL
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 2, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $25,493 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Orange County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 91% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Florida: $1,808,559.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Florida
- Nextgen Automotive, LLC, Bonita Springs
- Shirllae Holdings LLC, Melbourne
- 2201 Garage LLC, Saint Augustine
- P-Five Florida LLC, Apopka
- Shafz Auto LLC, Kissimmee
- Magenta Nine LLC, Clearwater
- Automotive Optimize, LLC, Royal Palm Beach
- American Truck Center, Fort Myers