Buying a Precision Tune Auto Care franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing Precision Tune Auto Care (classified mostly as General Automotive Repair), totaling $3.1M. The median loan was $580,300, 10% lower than the $645,250 median for all SBA-financed acquisitions. 3 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 Precision Tune Auto Care resale loans landed between $347,625 and $683,450.
- Lender experience exists. The Huntington National Bank alone has financed 2 Precision Tune Auto Care resales.
- Guaranty. The SBA guaranteed 80% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Precision Tune Auto Care resale
The median SBA 7(a) loan for a Precision Tune Auto Care resale was $580,300 across 6 loans (FY2018 to FY2026). The Huntington National Bank, Manufacturers and Traders Trust Company and Apex Bank have financed the most Precision Tune Auto 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%.
Precision Tune Auto Care acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $669K | $668,600 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 1 | $975K | $975,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $300K | $299,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 3 | $1.2M | $492,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Precision Tune Auto 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 Precision Tune Auto Care resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 33.3% | $512K | |
| 2 | Manufacturers and Traders Trust Company | 1 | 16.7% | $975K | |
| 3 | Apex Bank | 1 | 16.7% | $688K | |
| 4 | Columbia Bank | 1 | 16.7% | $669K | |
| 5 | BMO Bank National Association | 1 | 16.7% | $300K |
States where Precision Tune Auto Care units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Tennessee | 3 | 50.0% | $1.2M | |
| 2 | Maryland | 1 | 16.7% | $975K | |
| 3 | Washington | 1 | 16.7% | $669K | |
| 4 | California | 1 | 16.7% | $300K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do buyers borrow to buy a Precision Tune Auto Care franchise?
The median SBA 7(a) loan for a Precision Tune Auto Care resale was $580,300 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $347,625 to $683,450. 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 Precision Tune Auto Care acquisitions?
The Huntington National Bank has made the most SBA acquisition loans for Precision Tune Auto Care (2, 33% of the total). Manufacturers and Traders Trust Company, Apex Bank, Columbia Bank follow.
What interest rate and term do Precision Tune Auto Care acquisition loans carry?
The average initial rate at approval was 8.83% (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 a Precision Tune Auto Care resale riskier than other SBA-financed acquisitions?
Too few Precision Tune Auto 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 Precision Tune Auto Care units being bought with SBA loans?
Tennessee (3), Maryland (1), Washington (1), California (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
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Related
- All General Automotive Repair acquisitions
- Tennessee acquisitions
- Maryland acquisitions
- Washington acquisitions
- The Huntington National Bank
- Manufacturers and Traders Trust Company
- Columbia Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Precision Tune Auto Care" (franchise code S1345). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.