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Romar Truck Repair LLC

Rochester, NY · General Automotive Repair · NAICS 811111

Romar Truck Repair LLC is a general automotive repair business located in Rochester, New York, classified under NAICS 811111. The company was financed with an SBA 7(a) loan for a change of ownership, approved on April 9, 2025, in the amount of $800,000 through First National Bank of Pennsylvania. The loan was reported with 4 jobs.

SBA 7(a) loan, change of ownership, approved Apr 9, 2025

$800,000 approvedLender: First National Bank of Pennsylvania10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$800,000
SBA-guaranteed amount
$600,000 (75% of the approval)
Lender
First National Bank of Pennsylvania, Greenville, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
April 9, 2035 (estimated, approval date plus term)
Estimated monthly payment
$10,462 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Monroe County, NY
SBA district office
Buffalo District Office
Congressional district
NY-25
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 31% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in New York: $1,771,512.

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 New York