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Mq Automotive Inc.

Dumfries, VA · General Automotive Repair · NAICS 811111

Mq Automotive Inc. is a general automotive repair business in Dumfries, Virginia, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $500,000, approved on June 23, 2026, by Live Oak Banking Company. The business is a Meineke Car Care Center franchise and reports 5 jobs.

SBA 7(a) loan, change of ownership, approved Jun 23, 2026

$500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
10 years (120 months)
Estimated maturity
June 23, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,001 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811111, General Automotive Repair
Franchise
Meineke Car Care Center
Project location
Prince William County, VA
SBA district office
Richmond District Office
Congressional district
VA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Virginia: $1,860,760.

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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