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Velocity Automotive Holdings Wisconsin, LLC

Appleton, WI · General Automotive Repair · NAICS 811111

Velocity Automotive Holdings Wisconsin, LLC is a general automotive repair business located in Appleton, Wisconsin, classified under NAICS code 811111. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3.43 million, approved on November 15, 2023, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 15, 2023

$3,430,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,430,000
SBA-guaranteed amount
$2,572,500 (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
10%, variable
Term
10 years (120 months)
Estimated maturity
November 15, 2033 (estimated, approval date plus term)
Estimated monthly payment
$45,328 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Outagamie County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 96% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • Average acquisition loan in Wisconsin: $1,729,230.

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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