Brothers Collision LLC
Brothers Collision LLC is located in Franklin, OH, and the SBA lists its industry as Automotive Body, Paint, and Interior Repair and Maintenance. It was approved for an SBA 7(a) loan of $836,000 for a change of ownership on August 28, 2025.
SBA 7(a) loan, change of ownership, approved Aug 28, 2025
- Gross approval
- $836,000
- SBA-guaranteed amount
- $627,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.99%, fixed
- Term
- 25 years (300 months)
- Estimated maturity
- August 28, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $5,903 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Warren County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
- Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
- Average acquisition loan in Ohio: $1,840,340.
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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