Pw Auto Clinic, Inc.
Pw Auto Clinic, Inc. is a general automotive repair business located in Warrenville, Illinois, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership, with two loans of $881,500 and $750,000 approved by Live Oak Banking Company on September 4, 2024 and September 9, 2026, respectively.
SBA 7(a) loan, change of ownership, approved Sep 9, 2026
$750,000 approvedLender: Live Oak Banking Company25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $750,000
- SBA-guaranteed amount
- $562,500 (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
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 9, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $5,913 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 27% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Illinois: $1,796,780.
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.
SBA 7(a) loan, change of ownership, approved Sep 4, 2024
$881,500 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $881,500
- SBA-guaranteed amount
- $661,125 (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
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 4, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,855 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Dupage County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 37% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Illinois: $1,796,780.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Illinois
- Metro Auto Repair Business Corp., Bensenville
- Car Hospital, LLC, Dekalb
- Bodylines Geneva, Inc., Geneva
- Diehl Auto 3 LLC, Aurora
- Joe's Automotive Inc., Kankakee
- Monkee Wrench Auto, Springfield
- Central Square, LLC, Oak Lawn
- Pw Auto Clinic, Inc., Sugar Grove