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General Automotive Repair: SBA acquisition loans in Massachusetts
13 SBA-financed business acquisitions in Massachusetts classified as General Automotive Repair, FY2024–FY2026. Median loan $480K. See which lenders did them.
- Acquisitions financed
- 13
- Total approved
- $12.5M
- Median loan
- $480K
- Middle half of loans
- $150K to $965K
- Median starting rate
- 8.99%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 5 | 38% | $965K | $8.1M |
| 2 | The Huntington National Bank | 2 | 15% | $1.6M | $3.2M |
| 3 | Newtek Bank, National Association | 2 | 15% | $88K | $175K |
| 4 | Eastern Bank | 1 | 8% | $495K | $495K |
| 5 | Manufacturers and Traders Trust Company | 1 | 8% | $315K | $315K |
| 6 | Rockland Trust Company | 1 | 8% | $130K | $130K |
| 7 | Salem Five Cents Savings Bank | 1 | 8% | $112K | $112K |
For comparison, the same industry nationwide: 485 loans, median $686K, median starting rate 9.50%. See General Automotive Repair in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.