T.E. Price & Company, Inc.
T.E. Price & Company, Inc. is located in Winchester, VA, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,900,000 for a change of ownership on July 31, 2026.
SBA 7(a) loan, change of ownership, approved Jul 31, 2026
- Gross approval
- $1,900,000
- SBA-guaranteed amount
- $1,425,000 (75% of the approval)
- Lender
- Shoreham Bank, Warwick, RI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 31, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $14,665 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Winchester City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Virginia: $1,860,760.
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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