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Sakamaki Automotive LLC

Orem, UT · General Automotive Repair · NAICS 811111

Sakamaki Automotive LLC is a general automotive repair business in Orem, Utah, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1.8 million, approved on August 27, 2024, through First Utah Bank.

SBA 7(a) loan, change of ownership, approved Aug 27, 2024

$1,800,000 approvedLender: First Utah Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,800,000
SBA-guaranteed amount
$1,350,000 (75% of the approval)
Lender
First Utah Bank, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
August 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,995 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Utah County, UT
SBA district office
Utah District Office
Congressional district
UT-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 79% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Utah: $1,761,092.

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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