Gulf States Performance LLC
Gulf States Performance LLC is located in Robertsdale, AL, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,088,000 for a change of ownership on October 23, 2024.
SBA 7(a) loan, change of ownership, approved Oct 23, 2024
- Gross approval
- $1,088,000
- SBA-guaranteed amount
- $816,000 (75% of the approval)
- Lender
- First Bank of Central Ohio, Worthington, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 9 years, 3 months (111 months)
- Estimated maturity
- January 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,211 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 5, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Baldwin County, AL
- SBA district office
- Alabama District Office
- Congressional district
- AL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Alabama: $1,764,717.
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 Alabama
- Southeast Repair Services, Inc., Dothan
- Tony Hammock Inc., Cullman