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Retro Auto Works of Glenside LLC

Glenside, PA · General Automotive Repair · NAICS 811111

Retro Auto Works of Glenside LLC, located in Glenside, Pennsylvania, operates in general automotive repair. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,175,000, approved on May 27, 2026, through Wilmington Savings Fund Society FSB.

SBA 7(a) loan, change of ownership, approved May 27, 2026

$1,175,000 approvedLender: Wilmington Savings Fund Society FSB25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,175,000
SBA-guaranteed amount
$881,250 (75% of the approval)
Lender
Wilmington Savings Fund Society FSB, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
May 27, 2051 (estimated, approval date plus term)
Estimated monthly payment
$9,861 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 30, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 53% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania