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2CS Automotive of Somerset LLC

Somerset, WI · General Automotive Repair · NAICS 811111

2CS Automotive of Somerset LLC is a general automotive repair business located in Somerset, Wisconsin. It was financed with an SBA 7(a) loan for a change of ownership in the amount of $850,000, approved on July 9, 2026 by Platinum Bank.

SBA 7(a) loan, change of ownership, approved Jul 9, 2026

$850,000 approvedLender: Platinum Bank123 months termStatus not reported (SBA exemption)Loan details
Gross approval
$850,000
SBA-guaranteed amount
$637,500 (75% of the approval)
Lender
Platinum Bank, Oakdale, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years, 3 months (123 months)
Estimated maturity
October 9, 2036 (estimated, approval date plus term)
Estimated monthly payment
$10,955 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 6, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Saint Croix County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-07
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Wisconsin: $1,729,230.

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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