Main Street Registry

S&S Automotive Repair Inc.

Glendora, CA · General Automotive Repair · NAICS 811111

S&S Automotive Repair Inc. is a general automotive repair business in Glendora, California, classified under NAICS 811111. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,847,000, approved on November 18, 2024 by First Bank of the Lake.

SBA 7(a) loan, change of ownership, approved Nov 18, 2024

$1,847,000 approvedLender: First Bank of the Lake25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,847,000
SBA-guaranteed amount
$1,385,250 (75% of the approval)
Lender
First Bank of the Lake, Osage Beach, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
November 18, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,784 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-27
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 80% 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