Southeast Repair Services, Inc.
Southeast Repair Services, Inc. is a general automotive repair business in Dothan, Alabama, operating under the Mr. Transmission franchise. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $986,300, approved by Citizens Bank on December 22, 2025.
SBA 7(a) loan, change of ownership, approved Dec 22, 2025
$986,300 approvedLender: Citizens Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $986,300
- SBA-guaranteed amount
- $739,725 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 22, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,789 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Franchise
- Mr. Transmission
- Project location
- Houston County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Alabama: $1,764,717.
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 Alabama
- Gulf States Performance LLC, Robertsdale
- Tony Hammock Inc., Cullman