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Websters Imports Service Corporation

Greensboro, NC · General Automotive Repair · NAICS 811111

Websters Imports Service Corporation is a general automotive repair business in Greensboro, North Carolina, classified under NAICS 811111. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,250,000, approved on October 25, 2023, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Oct 25, 2023

$1,250,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,250,000
SBA-guaranteed amount
$937,500 (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
10%, variable
Term
10 years (120 months)
Estimated maturity
October 25, 2033 (estimated, approval date plus term)
Estimated monthly payment
$16,519 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 6, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Guilford County, NC
SBA district office
North Carolina District Office
Congressional district
NC-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina