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Ryans Automotive Center

Fairfield, CA · General Automotive Repair · NAICS 811111

Ryans Automotive Center is a general automotive repair business in Fairfield, California, classified under NAICS 811111. It was financed with an SBA 7(a) loan for a change of ownership of $1,032,900, approved on September 9, 2024, by Zions Bancorporation, National Association.

SBA 7(a) loan, change of ownership, approved Sep 9, 2024

$1,032,900 approvedLender: Zions Bancorporation, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,032,900
SBA-guaranteed amount
$774,675 (75% of the approval)
Lender
Zions Bancorporation, National Association, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, fixed
Term
10 years (120 months)
Estimated maturity
September 9, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,669 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Solano County, CA
SBA district office
San Francisco District Office
Congressional district
CA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 47% 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