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Porzillo Enterprises Auto Body LLC

Millersville, MD · General Automotive Repair · NAICS 811111

Porzillo Enterprises Auto Body LLC is a general automotive repair business located in Millersville, Maryland. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $525,000, from Live Oak Banking Company, with the loan approved on March 19, 2025.

SBA 7(a) loan, change of ownership, approved Mar 19, 2025

$525,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$525,000
SBA-guaranteed amount
$393,750 (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
9.5%, variable
Term
10 years (120 months)
Estimated maturity
March 19, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,793 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Anne Arundel County, MD
SBA district office
Baltimore District Office
Congressional district
MD-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 4% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Maryland: $1,627,337.

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 Maryland