Main Street Registry

Bret's Auto Repair, L.L.C.

Lynnwood, WA · General Automotive Repair · NAICS 811111

Bret's Auto Repair, L.L.C., located in Lynnwood, WA, operates in General Automotive Repair (NAICS 811111). The company was financed with an SBA 7(a) loan for a change of ownership totaling $636,000, approved on March 5, 2025 through Peoples Bank. The loan lists 8 jobs supported.

SBA 7(a) loan, change of ownership, approved Mar 5, 2025

$636,000 approvedLender: Peoples Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$636,000
SBA-guaranteed amount
$477,000 (75% of the approval)
Lender
Peoples Bank, Bellingham, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.5%, variable
Term
10 years (120 months)
Estimated maturity
March 5, 2035 (estimated, approval date plus term)
Estimated monthly payment
$7,549 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 1, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Snohomish County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 16% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington