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Legacy Collision Specialist LLC

Corapeake, NC · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Legacy Collision Specialist LLC is an automotive body, paint, and interior repair and maintenance business located in Corapeake, North Carolina. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $711,000, from United Midwest Savings Bank National Association, with the loan approved on February 11, 2026.

SBA 7(a) loan, change of ownership, approved Feb 11, 2026

$711,000 approvedLender: United Midwest Savings Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$711,000
SBA-guaranteed amount
$533,250 (75% of the approval)
Lender
United Midwest Savings Bank National Association, De Graff, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
February 11, 2051 (estimated, approval date plus term)
Estimated monthly payment
$6,212 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 6, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Gates County, NC
SBA district office
North Carolina District Office
Congressional district
NC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 9% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
  • Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina