Sheridan Auto Parts Solutions LLLC
Sheridan Auto Parts Solutions LLLC is a business in Sheridan, WY, in the Automotive Parts and Accessories Retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.66 million, approved by Glacier Bank on July 30, 2024.
SBA 7(a) loan, change of ownership, approved Jul 30, 2024
$1,660,000 approvedLender: Glacier Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,660,000
- SBA-guaranteed amount
- $1,245,000 (75% of the approval)
- Lender
- Glacier Bank, Kalispell, MT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $20,140 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Project location
- Sheridan County, WY
- SBA district office
- Wyoming District Office
- Congressional district
- WY-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- Average acquisition loan in Wyoming: $1,759,358.
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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