Coventry Automotive LLC
Coventry Automotive LLC is located in San Diego, CA, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $841,500 for a change of ownership on September 26, 2025.
SBA 7(a) loan, change of ownership, approved Sep 26, 2025
- Gross approval
- $841,500
- SBA-guaranteed amount
- $631,125 (75% of the approval)
- Lender
- Plumas Bank, Quincy, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,433 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- San Diego County, CA
- SBA district office
- San Diego District Office
- Congressional district
- CA-52
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 33% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in California: $1,688,228.
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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