Southern Specialized Truck and Trailer LLC
Southern Specialized Truck and Trailer LLC is a business in Lake City, Florida, in the all other automotive repair and maintenance industry (NAICS 811198). The company was financed with an SBA 7(a) loan for a change of ownership of $2.07 million, approved on September 27, 2024 by Integro Bank, and the loan reports 8 jobs.
SBA 7(a) loan, change of ownership, approved Sep 27, 2024
$2,068,000 approvedLender: Integro Bank198 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,068,000
- SBA-guaranteed amount
- $1,551,000 (75% of the approval)
- Lender
- Integro Bank, Phoenix, AZ
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 16 years, 6 months (198 months)
- Estimated maturity
- March 27, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $22,018 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811198, All Other Automotive Repair and Maintenance
- Project location
- Columbia County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in All Other Automotive Repair and Maintenance on this site.
- Average acquisition loan in All Other Automotive Repair and Maintenance: $1,674,977.
- Average acquisition loan in Florida: $1,808,559.
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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