Auburn Oil Change & Auto Service, Inc.
Auburn Oil Change & Auto Service, Inc. is an automotive oil change and lubrication shop in Auburn, California, operating as a SpeeDee Oil Change & Auto Service franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $680,000, approved on August 21, 2026 by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Aug 21, 2026
$680,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $680,000
- SBA-guaranteed amount
- $510,000 (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
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 21, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,161 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 811191, Automotive Oil Change and Lubrication Shops
- Franchise
- SpeeDee Oil Change & Auto Service
- Project location
- Placer County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Automotive Oil Change and Lubrication Shops: $1,684,836.
- Average acquisition loan in California: $1,688,228.
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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