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Exclusively Imports Auto Repair, LLC

Surprise, AZ · General Automotive Repair · NAICS 811111

Exclusively Imports Auto Repair, LLC is a general automotive repair business located in Surprise, Arizona, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,285,000, approved on December 23, 2024, by Evolve Bank and Trust.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

$1,285,000 approvedLender: Evolve Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,285,000
SBA-guaranteed amount
$963,750 (75% of the approval)
Lender
Evolve Bank and Trust, West Memphis, AR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$17,339 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 5, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 59% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Arizona: $1,690,811.

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 Arizona