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Ornelas Automotive Enterprises LLC

Mckinney, TX · General Automotive Repair · NAICS 811111

Ornelas Automotive Enterprises LLC is a general automotive repair business in McKinney, Texas, classified under NAICS 811111. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $524,000 from Wells Fargo Bank National Association, approved on April 4, 2026. The business operates as a Meineke Car Care Center franchise and reported 7 jobs on the loan.

SBA 7(a) loan, change of ownership, approved Apr 4, 2026

$524,000 approvedLender: Wells Fargo Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$524,000
SBA-guaranteed amount
$393,000 (75% of the approval)
Lender
Wells Fargo Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.45%, fixed
Term
10 years (120 months)
Estimated maturity
April 4, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,206 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 14, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811111, General Automotive Repair
Franchise
Meineke Car Care Center
Project location
Collin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 4% 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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