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East Coast Automotive Services

Jupiter, FL · General Automotive Repair · NAICS 811111

East Coast Automotive Services is a general automotive repair business located in Jupiter, Florida, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.6 million, approved on June 4, 2025, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jun 4, 2025

$3,600,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,600,000
SBA-guaranteed amount
$2,700,000 (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
9%, variable
Term
25 years (300 months)
Estimated maturity
June 4, 2050 (estimated, approval date plus term)
Estimated monthly payment
$30,211 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 18, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 97% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida