Main Street Registry

Elk Country Auto Parts Inc

Gunnison, CO · Automotive Parts and Accessories Retailers · NAICS 441330

Elk Country Auto Parts Inc is an automotive parts and accessories retailer located in Gunnison, CO. The company was financed with an SBA 7(a) loan for a change of ownership of $1.48 million, approved on June 24, 2024 by Gulf Coast Bank and Trust Company.

SBA 7(a) loan, change of ownership, approved Jun 24, 2024

$1,480,000 approvedLender: Gulf Coast Bank and Trust Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,480,000
SBA-guaranteed amount
$1,110,000 (75% of the approval)
Lender
Gulf Coast Bank and Trust Company, New Orleans, LA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
June 24, 2034 (estimated, approval date plus term)
Estimated monthly payment
$20,387 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
441330, Automotive Parts and Accessories Retailers
Franchise
Napa AutoCare Program Membership Agreement
Project location
Gunnison County, CO
SBA district office
Colorado District Office
Congressional district
CO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 75% of acquisition loans in Automotive Parts and Accessories Retailers on this site.
  • Average acquisition loan in Automotive Parts and Accessories Retailers: $1,270,623.
  • Average acquisition loan in Colorado: $1,608,658.

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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