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Redhawk Auto Service - Mission Viejo

Mission Viejo, CA · General Automotive Repair · NAICS 811111

Redhawk Auto Service - Mission Viejo, located in Mission Viejo, California, operates in the general automotive repair industry (NAICS 811111). The company was financed with an SBA 7(a) loan for a change of ownership of $861,000, approved on September 14, 2024, through FFB Bank.

SBA 7(a) loan, change of ownership, approved Sep 14, 2024

$861,000 approvedLender: FFB Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$861,000
SBA-guaranteed amount
$645,750 (75% of the approval)
Lender
FFB Bank, Fresno, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
September 14, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,618 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-45
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in California: $1,688,228.

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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Same industry in California