Main Street Registry

Mbj's Transmissions & Auto Care LLC

Plainfield, NJ · General Automotive Repair · NAICS 811111

Mbj's Transmissions & Auto Care LLC is a general automotive repair business located in Plainfield, New Jersey. The company was financed with an SBA 7(a) loan for a change of ownership totaling $503,000, approved on May 14, 2026, through First Merchants Bank.

SBA 7(a) loan, change of ownership, approved May 14, 2026

$503,000 approvedLender: First Merchants Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$503,000
SBA-guaranteed amount
$377,250 (75% of the approval)
Lender
First Merchants Bank, Indianapolis, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
May 14, 2051 (estimated, approval date plus term)
Estimated monthly payment
$4,395 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 18, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Union County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 2% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in New Jersey: $1,626,307.

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 New Jersey