Neal's Autohaus Inc
Neal's Autohaus Inc is located in Boynton Beach, FL, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $755,000 for a change of ownership on May 1, 2025.
SBA 7(a) loan, change of ownership, approved May 1, 2025
- Gross approval
- $755,000
- SBA-guaranteed amount
- $566,250 (75% of the approval)
- Lender
- Happen Bank, Lehi, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 1, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,596 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 28% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Florida: $1,808,559.
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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