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GTM Auto Repair LLC

Bolingbrook, IL · General Automotive Repair · NAICS 811111

GTM Auto Repair LLC is a general automotive repair business in Bolingbrook, Illinois, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership totaling $989,000, approved by Live Oak Banking Company on April 30, 2025.

SBA 7(a) loan, change of ownership, approved Apr 30, 2025

$989,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$989,000
SBA-guaranteed amount
$741,750 (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
8.5%, variable
Term
25 years (300 months)
Estimated maturity
April 30, 2050 (estimated, approval date plus term)
Estimated monthly payment
$7,964 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Will County, IL
SBA district office
Illinois District Office
Congressional district
IL-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 45% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois