Main Street Registry

I & B Perfection LLC

Miller Place, NY · General Automotive Repair · NAICS 811111

I & B Perfection LLC is a general automotive repair business located in Miller Place, New York. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $585,000, approved by Byline Bank on December 4, 2025.

SBA 7(a) loan, change of ownership, approved Dec 4, 2025

$585,000 approvedLender: Byline Bank119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$585,000
SBA-guaranteed amount
$438,750 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
November 4, 2035 (estimated, approval date plus term)
Estimated monthly payment
$7,688 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Suffolk County, NY
SBA district office
New York District Office
Congressional district
NY-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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 York: $1,771,512.

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 York