Automotive First, Inc
Automotive First, Inc is located in Walled Lake, MI, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,175,000 for a change of ownership on September 23, 2025.
SBA 7(a) loan, change of ownership, approved Sep 23, 2025
- Gross approval
- $1,175,000
- SBA-guaranteed amount
- $881,250 (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
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $15,044 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 26, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Franchise
- Tuffy Tire & Auto Service
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 53% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Michigan
- Driven Auto Group LLC, Lansing
- Evola Service LLC, Mount Clemens
- Lakeshore Auto Services, LLC, Charlevoix
- Quick Service Center Auto Repair, LLC, Madison Heights
- Portage Tire and Auto Repair L.L.C., Hancock
- Midas of Cadillac, LLC, Cadillac
- McNeal Automotive LLC, Pontiac
- Amj Services, Inc, Marquette