Main Street Registry

South Lake European, Inc.

Renton, WA · General Automotive Repair · NAICS 811111

South Lake European, Inc., located in Renton, WA, is a business in the General Automotive Repair industry (NAICS 811111). It was financed with an SBA 7(a) loan for a change of ownership of $3,148,000, approved on September 24, 2026 by Seacoast National Bank.

SBA 7(a) loan, change of ownership, approved Sep 24, 2026

$3,148,000 approvedLender: Seacoast National Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$3,148,000
SBA-guaranteed amount
$2,361,000 (75% of the approval)
Lender
Seacoast National Bank, Stuart, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
September 24, 2051 (estimated, approval date plus term)
Estimated monthly payment
$23,778 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
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 96% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington