Carey Auto Parts, LLC
Carey Auto Parts, LLC is a general automotive repair business located in Carey, Idaho, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $706,000, approved on November 8, 2023, through Seacoast National Bank.
SBA 7(a) loan, change of ownership, approved Nov 8, 2023
$706,000 approvedLender: Seacoast National Bank16 years termPaid in fullLoan details
- Gross approval
- $706,000
- SBA-guaranteed amount
- $529,500 (75% of the approval)
- Lender
- Seacoast National Bank, Stuart, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 16 years (192 months)
- Estimated maturity
- November 8, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $7,605 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 8, 2023
- Loan status
- Paid in full
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Blaine County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 23% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Idaho: $1,527,113.
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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