SBA lending record
1402 H, LLC
1402 & 1406 HIGHLAND AVE, Selma, AL 36703 · New Car Dealers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$5.0M
Total SBA financing
2
Loans on record
FY2023
On record
180
Jobs supported
Franchise brand
Honda Automobile Division - Dealer Sales and Service Agreeme
See Honda Automobile Division - Dealer Sales and Service Agreeme's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$4,200,000 — FY2023
Loan 1 of 2- Gross approval
- $4,200,000
- SBA guaranteed
- $3,150,000 (75%)
- Status
- Current
- Rate at approval
- 9.5% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 5/23/2023
- First disbursement
- 6/2/2023
- Days to fund
- 10 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 90
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- New Car Dealers
- NAICS code
- 441110
- Franchise
- Honda Automobile Division - Dealer Sales and Service Agreeme
- Franchise code
- S5000
- Lender
- Live Oak Banking Company
- Address
- 1402 & 1406 HIGHLAND AVE
- City
- Selma, 36703
- County
- Dallas
- SBA district office
- ALABAMA DISTRICT OFFICE
- Congressional district
- 2
$800,000 — FY2023
Loan 2 of 2- Gross approval
- $800,000
- SBA guaranteed
- $600,000 (75%)
- Status
- Current
- Rate at approval
- 9.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 5/23/2023
- First disbursement
- 6/2/2023
- Days to fund
- 10 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 90
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- New Car Dealers
- NAICS code
- 441110
- Franchise
- Honda Automobile Division - Dealer Sales and Service Agreeme
- Franchise code
- S5000
- Lender
- Live Oak Banking Company
- Address
- 1402 & 1406 HIGHLAND AVE
- City
- Selma, 36703
- County
- Dallas
- SBA district office
- ALABAMA DISTRICT OFFICE
- Congressional district
- 2
The lender
Live Oak Banking Company
2 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding new car dealers — by location, industry, and brand.
Other Honda Automobile Division - Dealer Sales and Service Agreeme locations
Other Honda Automobile Division - Dealer Sales and Service Agreeme businesses in the public SBA record — closest first, by location and deal size.
HO Roanoke Rapids LLC
Roanoke Rapids, NC· ~597 mi
Honda Automobile Division - Dealer Sales and Service Agreeme
- $3.8M
- SBA financing
- ≈ $7.4M–$12M
- Est. revenue (rough)
M5 Automotive LLC
Napa, CA· ~2015 mi
Honda Automobile Division - Dealer Sales and Service Agreeme
- $3.9M
- SBA financing
- ≈ $7.6M–$13M
- Est. revenue (rough)
Shannon Honda
Folsom, CA· ~1956 mi
Honda Automobile Division - Dealer Sales and Service Agreeme
- $62K
- SBA financing
- ≈ $122K–$204K
- Est. revenue (rough)
Similar businesses
Comparable new car dealers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
OSBORNE AUTO PEACH DEALERSHIP, LLC
Byron, GA· ~191 mi
New Car Dealers
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
Exclusive Auto Wholesale LLC
Pelham, AL· ~63 mi
New Car Dealers
- $2.1M
- SBA financing
- ≈ $4.1M–$6.8M
- Est. revenue (rough)
Nissan of Lithia Springs
Newnan, GA· ~150 mi
Nissan North America, Inc. - Dealer Sales and Service Agreem
- $4.5M
- SBA financing
- ≈ $8.8M–$15M
- Est. revenue (rough)
Won Min Investment, INC
Commerce, GA· ~238 mi
Chrysler - Sales and Service Agreement
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
Silsbee Toyota
Silsbee, TX· ~444 mi
New Car Dealers
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
Blackburn Family Investments, Inc.
Silsbee, TX· ~445 mi
New Car Dealers
- $5.0M
- SBA financing
- ≈ $9.8M–$16M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for 1402 H, LLC in Selma, AL (New Car Dealers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $5.0M
- On record FY2023
- 180 jobs supported
- Industry: New Car Dealers
- Location: Selma, AL
- Lender: Live Oak Banking Company
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with New Car Dealers businesses in AL for ~$2.5M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with 1402 H, LLC.