Shoreline Automotive Inc.
Shoreline Automotive Inc. is a general automotive repair business located in East Haven, Connecticut, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $667,000, approved on May 20, 2026, by Beacon Bank and Trust.
SBA 7(a) loan, change of ownership, approved May 20, 2026
$667,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $667,000
- SBA-guaranteed amount
- $500,250 (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
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 20, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,359 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- South Central Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 19% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Connecticut: $1,992,959.
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 Connecticut
- Oxford Auto and Tire Center LLC, Oxford
- Shoreline Auto, Old Saybrook
- Christies Service, Westport