Kirk Wheeler Automotive Inc
Kirk Wheeler Automotive Inc is a used car dealer in Springfield, Missouri, classified under NAICS 441120 (Used Car Dealers). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $622,700, approved by Regent Bank on October 20, 2023.
SBA 7(a) loan, change of ownership, approved Oct 20, 2023
$622,700 approvedLender: Regent Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $622,700
- SBA-guaranteed amount
- $467,025 (75% of the approval)
- Lender
- Regent Bank, Tulsa, OK
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 20, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $8,315 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 26, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Greene County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Used Car Dealers: $2,484,440.
- 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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