Meenan Transmission & Driveline
Meenan Transmission & Driveline is a specialized automotive repair business located in Willow Grove, PA, classified under NAICS 811114. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $835,000, approved on August 18, 2026, through Northwest Bank.
SBA 7(a) loan, change of ownership, approved Aug 18, 2026
$835,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $835,000
- SBA-guaranteed amount
- $626,250 (75% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 18, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $10,465 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811114, Specialized Automotive Repair
- Project location
- Montgomery County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 16% of acquisition loans in Specialized Automotive Repair on this site.
- Average acquisition loan in Specialized Automotive Repair: $1,800,258.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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