Buying an AAMCO Transmissions and Total Car Care franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 25 7(a) loans to buy an existing AAMCO Transmissions and Total Car Care (classified mostly as General Automotive Repair), totaling $20.7M. The median loan was $645,300, in line with the $645,250 median for all SBA-financed acquisitions. 10 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of AAMCO Transmissions and Total Car Care resale loans landed between $350,000 and $928,000.
- Lender experience exists. Live Oak Banking Company alone has financed 4 AAMCO Transmissions and Total Car Care resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing an AAMCO Transmissions and Total Car Care resale
The median SBA 7(a) loan for an AAMCO Transmissions and Total Car Care resale was $645,300 across 25 loans (FY2018 to FY2026). Live Oak Banking Company, Pathward National Association and The Fidelity Bank have financed the most AAMCO Transmissions and Total Car Care resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
AAMCO Transmissions and Total Car Care acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $1.4M | $695,850 | |
| FY2020 | 2 | $871K | $435,350 | |
| FY2021 | 2 | $569K | $284,300 | |
| FY2022 | 3 | $1.6M | $664,500 | |
| FY2023 | 4 | $2.4M | $616,500 | |
| FY2024 | 2 | $1.5M | $773,500 | |
| FY2025 | 4 | $7.5M | $1,935,000 | |
| FY2026 | 6 | $4.8M | $551,150 |
How often do these acquisition loans fail?
Fewer than 20 AAMCO Transmissions and Total Car Care acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing AAMCO Transmissions and Total Car Care resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 4 | 16.0% | $3.7M | |
| 2 | Pathward National Association | 2 | 8.0% | $2.1M | |
| 3 | The Fidelity Bank | 2 | 8.0% | $1M | |
| 4 | Citizens Bank | 2 | 8.0% | $733K | |
| 5 | Texas Capital Bank | 1 | 4.0% | $2.7M | |
| 6 | Banesco USA | 1 | 4.0% | $1.6M | |
| 7 | TowneBank | 1 | 4.0% | $1.2M | |
| 8 | Beacon Bank and Trust | 1 | 4.0% | $1M | |
| 9 | Celtic Bank Corporation | 1 | 4.0% | $928K | |
| 10 | First Interstate Bank | 1 | 4.0% | $824K |
States where AAMCO Transmissions and Total Car Care units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Florida | 5 | 20.0% | $8M | |
| 2 | Texas | 3 | 12.0% | $4M | |
| 3 | North Carolina | 3 | 12.0% | $1.5M | |
| 4 | Washington | 2 | 8.0% | $1.5M | |
| 5 | Pennsylvania | 2 | 8.0% | $916K | |
| 6 | Ohio | 2 | 8.0% | $707K | |
| 7 | New York | 1 | 4.0% | $1M | |
| 8 | Oregon | 1 | 4.0% | $928K | |
| 9 | Maryland | 1 | 4.0% | $762K | |
| 10 | California | 1 | 4.0% | $511K |
The purchase agreement decides what you bought, not the loan approval.
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How lenders classify AAMCO Transmissions and Total Car Care
Lenders code each loan to a NAICS industry. For AAMCO Transmissions and Total Car Care the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | General Automotive Repair | 16 | 64.0% | $16.1M | |
| 2 | Specialized Automotive Repair | 3 | 12.0% | $1.6M | |
| 3 | Automotive Parts and Accessories Retailers | 1 | 4.0% | $645K | |
| 4 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | 4.0% | $360K |
Questions buyers ask
How much do buyers borrow to buy an AAMCO Transmissions and Total Car Care franchise?
The median SBA 7(a) loan for an AAMCO Transmissions and Total Car Care resale was $645,300 across 25 loans (FY2018 to FY2026). The middle half of loans ran from $350,000 to $928,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance AAMCO Transmissions and Total Car Care acquisitions?
Live Oak Banking Company has made the most SBA acquisition loans for AAMCO Transmissions and Total Car Care (4, 16% of the total). Pathward National Association, The Fidelity Bank, Citizens Bank follow.
What interest rate and term do AAMCO Transmissions and Total Car Care acquisition loans carry?
The average initial rate at approval was 8.31% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is an AAMCO Transmissions and Total Car Care resale riskier than other SBA-financed acquisitions?
Too few AAMCO Transmissions and Total Car Care acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are AAMCO Transmissions and Total Car Care units being bought with SBA loans?
Florida (5), Texas (3), North Carolina (3), Washington (2), Pennsylvania (2). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All General Automotive Repair acquisitions
- Florida acquisitions
- Texas acquisitions
- North Carolina acquisitions
- Live Oak Banking Company
- Pathward National Association
- The Fidelity Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "AAMCO Transmissions and Total Car Care" (franchise code S0032). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.