Soddy Daisy Speed Shop, LLC
Soddy Daisy Speed Shop, LLC is a general automotive repair business located in Soddy Daisy, Tennessee, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $1.5 million, with Live Oak Banking Company as the lender and an approval date of September 14, 2026.
SBA 7(a) loan, change of ownership, approved Sep 14, 2026
$1,500,000 approvedLender: Live Oak Banking Company25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,500,000
- SBA-guaranteed amount
- $1,125,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 14, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $11,085 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Hamilton County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Tennessee: $1,738,925.
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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