PHX Automotive, Inc.
PHX Automotive, Inc. is located in Phoenix, OR, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $2,847,000 for a change of ownership on August 14, 2024.
SBA 7(a) loan, change of ownership, approved Aug 14, 2024
- Gross approval
- $2,847,000
- SBA-guaranteed amount
- $2,135,250 (75% of the approval)
- Lender
- Seacoast National Bank, Stuart, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 14, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $24,874 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Jackson County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 93% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Oregon: $1,946,167.
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 Oregon
- Mid-Valley Auto Body & Service Center Inc., Woodburn
- Dts Automotive, Inc, Milwaukie