Nextgen Automotive, LLC
Nextgen Automotive, LLC is located in Bonita Springs, FL, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $920,000 for a change of ownership on July 23, 2026.
SBA 7(a) loan, change of ownership, approved Jul 23, 2026
- Gross approval
- $920,000
- SBA-guaranteed amount
- $690,000 (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
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $11,041 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 7, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Lee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-19
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 39% 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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