Main Street Registry

Dockter-Freedlund Inc.

Forest Lake, MN · General Automotive Repair · NAICS 811111

Dockter-Freedlund Inc., located in Forest Lake, MN, operates in General Automotive Repair (NAICS 811111). The business was financed with an SBA 7(a) loan for a change of ownership of $816,000, approved on September 11, 2026 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Sep 11, 2026

$816,000 approvedLender: Live Oak Banking Company25 years termCommitted, not fully disbursedLoan details
Gross approval
$816,000
SBA-guaranteed amount
$612,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
September 11, 2051 (estimated, approval date plus term)
Estimated monthly payment
$6,163 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Washington County, MN
SBA district office
Minnesota District Office
Congressional district
MN-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 32% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Minnesota: $1,482,119.

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 Minnesota