Main Street Registry

Jiffy Lube #3358

Morgan Hill, CA · Automotive Oil Change and Lubrication Shops · NAICS 811191

Jiffy Lube #3358 is an automotive oil change and lubrication shop located in Morgan Hill, California. The business was financed with an SBA 7(a) loan for a change of ownership of $1.125 million, approved on November 19, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 19, 2024

$1,125,000 approvedLender: Live Oak Banking Company119 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,125,000
SBA-guaranteed amount
$843,750 (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
9%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
October 19, 2034 (estimated, approval date plus term)
Estimated monthly payment
$14,325 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 7, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
38
Business type
Corporation
NAICS
811191, Automotive Oil Change and Lubrication Shops
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-19
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 29% of acquisition loans in Automotive Oil Change and Lubrication Shops on this site.
  • Average acquisition loan in Automotive Oil Change and Lubrication Shops: $1,684,836.
  • Average acquisition loan in California: $1,688,228.

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 California