Street Auto Parts and Hardware, Inc.
Street Auto Parts and Hardware, Inc. is an automotive parts and accessories retailer located in Montezuma, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,645,100, approved on September 24, 2024 by Vallant Bank.
SBA 7(a) loan, change of ownership, approved Sep 24, 2024
$1,645,100 approvedLender: Vallant Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,645,100
- SBA-guaranteed amount
- $1,233,825 (75% of the approval)
- Lender
- Vallant Bank, Elberton, GA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,063 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Franchise
- Ace Hardware
- Project location
- Macon County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 81% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
- Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
- Average acquisition loan in Georgia: $2,017,638.
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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