Main Street Registry

Martinez Motors Co LLC

Ventura, CA · General Automotive Repair · NAICS 811111

Martinez Motors Co LLC is a general automotive repair business in Ventura, California, classified under NAICS 811111. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $552,000 approved by U.S. Bank, National Association on September 26, 2024. The business operates as a Meineke Car Care Center franchise and reports 10 jobs.

SBA 7(a) loan, change of ownership, approved Sep 26, 2024

$552,000 approvedLender: U.S. Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$552,000
SBA-guaranteed amount
$414,000 (75% of the approval)
Lender
U.S. Bank, National Association, Cincinnati, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.39%, variable
Term
10 years (120 months)
Estimated maturity
September 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,110 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
811111, General Automotive Repair
Franchise
Meineke Car Care Center
Project location
Ventura County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-24
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 7% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • 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