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Southern Truck Trends, LLC

Jacksonville, FL · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Southern Truck Trends, LLC, located in Jacksonville, Florida, operates in automotive body, paint, and interior repair and maintenance. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,515,000, approved on March 6, 2025, by Byline Bank.

SBA 7(a) loan, change of ownership, approved Mar 6, 2025

$1,515,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,515,000
SBA-guaranteed amount
$1,136,250 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
March 6, 2050 (estimated, approval date plus term)
Estimated monthly payment
$14,035 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 21, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Duval County, FL
SBA district office
North Florida District Office
Congressional district
FL-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 58% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
  • Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida