Main Street Registry

Katrib Automotive Service Centers Inc

Colton, CA · Automotive Oil Change and Lubrication Shops · NAICS 811191

Katrib Automotive Service Centers Inc is an automotive oil change and lubrication shop located in Colton, California, operating as a Jiffy Lube franchise. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $802,000, with a 10-year term, approved through The Bancorp Bank National Association on October 7, 2023. The loan supported 14 jobs.

SBA 7(a) loan, change of ownership, approved Oct 7, 2023

$802,000 approvedLender: The Bancorp Bank National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$802,000
SBA-guaranteed amount
$601,500 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
October 7, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,488 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 1, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
811191, Automotive Oil Change and Lubrication Shops
Franchise
Jiffy Lube
Project location
San Bernardino County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-31
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 14% 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