North Starr Heavy Worcx LLC
North Starr Heavy Worcx LLC, located in Grandy, Minnesota, operates in the specialized automotive repair industry (NAICS 811114). The business was financed with an SBA 7(a) loan for a change of ownership of $1,059,900, approved on September 3, 2025 by Old National Bank.
SBA 7(a) loan, change of ownership, approved Sep 3, 2025
$1,059,900 approvedLender: Old National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,059,900
- SBA-guaranteed amount
- $794,925 (75% of the approval)
- Lender
- Old National Bank, Evansville, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- September 3, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,141 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811114, Specialized Automotive Repair
- Project location
- Isanti County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Specialized Automotive Repair on this site.
- Average acquisition loan in Specialized Automotive Repair: $1,800,258.
- Average acquisition loan in Minnesota: $1,482,119.
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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