Main Street Registry

General Trucking Repair Limited Liability Company

Carlstadt, NJ · General Automotive Repair · NAICS 811111

General Trucking Repair Limited Liability Company is an automotive repair business in Carlstadt, New Jersey, classified under the NAICS industry General Automotive Repair. The company was financed with an SBA 7(a) loan for a change of ownership, with an approved loan amount of $1 million from Live Oak Banking Company, dated September 30, 2026.

SBA 7(a) loan, change of ownership, approved Sep 30, 2026

$1,000,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (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
8.36%, variable
Term
10 years (120 months)
Estimated maturity
September 30, 2036 (estimated, approval date plus term)
Estimated monthly payment
$12,324 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
20
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Bergen County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 46% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in New Jersey: $1,626,307.

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 New Jersey