Pro 1 Automotive
Pro 1 Automotive, located in Reno, Nevada, operates in General Automotive Repair (NAICS 811111). The business was financed with an SBA 7(a) loan for a change of ownership of $2.85 million, approved by First Internet Bank of Indiana with a date of May 27, 2026.
SBA 7(a) loan, change of ownership, approved May 27, 2026
$2,850,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,850,000
- SBA-guaranteed amount
- $2,137,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 27, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $36,489 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 93% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Nevada: $1,617,910.
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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