Main Street Registry

Lloyds Automotive and Transmission Specialists

Olympia, WA · General Automotive Repair · NAICS 811111

Lloyds Automotive and Transmission Specialists is a general automotive repair business located in Olympia, Washington, in the NAICS 811111 industry. The company was financed with an SBA 7(a) loan for a change of ownership of $760,200, approved through Columbia Bank on November 15, 2023.

SBA 7(a) loan, change of ownership, approved Nov 15, 2023

$760,200 approvedLender: Columbia Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$760,200
SBA-guaranteed amount
$570,150 (75% of the approval)
Lender
Columbia Bank, Lake Oswego, OR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
November 15, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,258 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 5, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Thurston County, WA
SBA district office
Seattle District Office
Congressional district
WA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 29% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • 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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Same industry in Washington