SARN Company 2 LLC
SARN Company 2 LLC is a general automotive repair business in Lilburn, Georgia, classified under NAICS code 811111. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,895,000, approved on January 31, 2025, by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved Jan 31, 2025
$1,895,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,895,000
- SBA-guaranteed amount
- $1,421,250 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 31, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $17,555 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Gwinnett County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Georgia: $2,017,638.
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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