No Down Times Enterprises Limited
No Down Times Enterprises Limited, located in Las Vegas, Nevada, operates in general automotive repair (NAICS 811111). The company was financed with an SBA 7(a) loan for a change of ownership of $960,000, approved on February 6, 2025, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Feb 6, 2025
$960,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $960,000
- SBA-guaranteed amount
- $720,000 (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
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 6, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,161 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 41% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Nevada: $1,617,910.
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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