Main Street Registry

Lorentz Automotive- Elm St.

Denton, TX · General Automotive Repair · NAICS 811111

Lorentz Automotive- Elm St. is a general automotive repair business in Denton, TX, classified under NAICS 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $617,400, approved by Ciera Bank on January 29, 2026.

SBA 7(a) loan, change of ownership, approved Jan 29, 2026

$617,400 approvedLender: Ciera Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$617,400
SBA-guaranteed amount
$463,050 (75% of the approval)
Lender
Ciera Bank, Graham, TX
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
January 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$7,821 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Denton County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-26
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 13% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas