Main Street Registry

210 Automotive, LLC

Benson, NC · General Automotive Repair · NAICS 811111

210 Automotive, LLC, located in Benson, North Carolina, operates in the General Automotive Repair industry (NAICS 811111). The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,145,800, approved on June 9, 2025, by The Fidelity Bank.

SBA 7(a) loan, change of ownership, approved Jun 9, 2025

$1,145,800 approvedLender: The Fidelity Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,145,800
SBA-guaranteed amount
$859,350 (75% of the approval)
Lender
The Fidelity Bank, Fuquay Varina, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
June 9, 2035 (estimated, approval date plus term)
Estimated monthly payment
$14,984 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
6
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Johnston County, NC
SBA district office
North Carolina District Office
Congressional district
NC-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 51% 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