Wilber Auto Parts LLC
Wilber Auto Parts LLC, located in Coldwater, Michigan, operates in the automotive parts and accessories retail industry. The business was financed with an SBA 7(a) loan for a change of ownership of $1,197,000, approved on June 12, 2025, by Century Bank and Trust.
SBA 7(a) loan, change of ownership, approved Jun 12, 2025
$1,197,000 approvedLender: Century Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,197,000
- SBA-guaranteed amount
- $897,750 (75% of the approval)
- Lender
- Century Bank and Trust, Coldwater, MI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 7%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,898 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 441330, Automotive Parts and Accessories Retailers
- Franchise
- Napa AutoCare Program Membership Agreement
- Project location
- Branch County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 68% 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 Michigan: $1,645,728.
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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