Main Street Registry

OTA Automotive Service Center LLC

Lanoka Harbor, NJ · General Automotive Repair · NAICS 811111

OTA Automotive Service Center LLC is a general automotive repair business in Lanoka Harbor, New Jersey. The company was financed with an SBA 7(a) loan for a change of ownership of $933,000, approved by TD Bank, National Association on May 30, 2025.

SBA 7(a) loan, change of ownership, approved May 30, 2025

$933,000 approvedLender: TD Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$933,000
SBA-guaranteed amount
$699,750 (75% of the approval)
Lender
TD Bank, National Association, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.06%, fixed
Term
10 years (120 months)
Estimated maturity
May 30, 2035 (estimated, approval date plus term)
Estimated monthly payment
$10,862 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 30, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Ocean County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 40% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in New Jersey: $1,626,307.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New Jersey