Mark Cyrus

Sr Loan Officer @Live Oak Bank

Wilmington, NC, US

Live Oak Bank offers loans to the automotive care industry nationwide. This includes businesses that provide quick lube services, tire centers, service and maintenance shops, collision shops, paint and body shops, and select auto part franchises.Working with a lender who specializes in automotive care business loans is key to the complex process of purchasing or starting a new business. We are cash flow lenders and know how to value your assets, including capital needed to establish a strong business in your community. Let us develop a custom loan package to meet your needs.• Building Purchase• Second location/New Units• New Construction(ground-up)• Acquisition of multiple locations• Equipment • Working Capital• Refinance existing debt • 100% financing available for existing operators on expansion opportunitiesBenefits• Flexible down payment options• Up to 25 year terms with real estate• Competitive rates• No prepayment penalties for loans under 15 years.• Loan amounts up to $7.5 million• Close in 45 days or less• #1 SBA Lender in the Nation with a 100% Industry-Focus on Automotive Care Lending