Main Street Registry

Syosset Repair Center LLC

Syosset, NY · General Automotive Repair · NAICS 811111

Syosset Repair Center LLC is a general automotive repair business located in Syosset, New York. The company was financed with an SBA 7(a) loan for a change of ownership of $2.9 million, approved on December 3, 2025 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Dec 3, 2025

$2,945,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,945,000
SBA-guaranteed amount
$2,208,750 (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
8%, variable
Term
25 years (300 months)
Estimated maturity
December 3, 2050 (estimated, approval date plus term)
Estimated monthly payment
$22,730 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Nassau County, NY
SBA district office
New York District Office
Congressional district
NY-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 94% 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 York: $1,771,512.

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 New York