Collision Remedy, LLC
Collision Remedy, LLC is located in Greenville, MI, 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 $1,552,400 for a change of ownership on August 5, 2025.
SBA 7(a) loan, change of ownership, approved Aug 5, 2025
- Gross approval
- $1,552,400
- SBA-guaranteed amount
- $1,164,300 (75% of the approval)
- Lender
- Horizon Bank, Michigan City, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,835 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Montcalm County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 62% 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 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.
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Same industry in Michigan
- Tate's Auto Body, LLC, Traverse City
- Lavinio Properties LLC, Clinton Township
- Miller Melton LLC, Jenison
- Campbell's Collision of Union Lake, Waterford Township
- Clark's Body Shop LLc, Fremont