Family Motor Company Inc
Family Motor Company Inc is a used car dealer located in Tualatin, Oregon, classified under NAICS 441120 (Used Car Dealers). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,933,500, approved on June 18, 2025, through FDIC-supervised lender Community Bank & Trust-West Georgia.
SBA 7(a) loan, change of ownership, approved Jun 18, 2025
$2,933,500 approvedLender: FDIC - Community Bank & Trust-West Georgia15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,933,500
- SBA-guaranteed amount
- $2,200,125 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- June 18, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $29,754 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Washington County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 53% of acquisition loans in Used Car Dealers on this site.
- Average acquisition loan in Used Car Dealers: $2,484,440.
- Average acquisition loan in Oregon: $1,946,167.
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 Oregon
- Grand Prix Motors, Inc., Portland
- Diplomat Motors Inc., Gresham