Main Street Registry

SAJ Automotive Services LLC

Middletown, NY · General Automotive Repair · NAICS 811111

SAJ Automotive Services LLC, located in Middletown, NY, is a general automotive repair business. It was financed with an SBA 7(a) loan for a change of ownership of $771,000, approved by North State Bank on February 1, 2024. The business is listed as a Mr. Transmission franchise location.

SBA 7(a) loan, change of ownership, approved Feb 1, 2024

$771,000 approvedLender: North State Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$771,000
SBA-guaranteed amount
$578,250 (75% of the approval)
Lender
North State Bank, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
25 years (300 months)
Estimated maturity
February 1, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,557 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
811111, General Automotive Repair
Franchise
Mr. Transmission
Project location
Orange County, NY
SBA district office
New York District Office
Congressional district
NY-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 30% 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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