SBA lending record
PAA LLC
320 Highway 30 SW, Mount Vernon, IA 52314 · Automobile and Other Motor Vehicle Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$4.4M
Total SBA financing
5
Loans on record
FY2020–25
On record
233
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is PAA LLC your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
All 5 loans
$2,036,300 — FY2025
Loan 1 of 5- Gross approval
- $2,036,300
- SBA guaranteed
- $1,527,225 (75%)
- Status
- Paid in full
- Rate at approval
- 9% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/7/2025
- First disbursement
- 5/28/2025
- Days to fund
- 82 days
- Paid in full
- 2/28/2026
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 45
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Automobile and Other Motor Vehicle Merchant Wholesalers
- NAICS code
- 423110
- Lender
- Nicolet National Bank
- Address
- 320 HIGHWAY 30 W
- City
- Mount Vernon, 52314
- County
- Linn
- SBA district office
- CEDAR RAPIDS BRANCH OFFICE
- Congressional district
- 1
$350,000 — FY2024
Loan 2 of 5- Gross approval
- $350,000
- SBA guaranteed
- $175,000 (50%)
- Status
- Committed
- Rate at approval
- 11% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 1/24/2024
- Collateral
- Required
- Jobs supported
- 40
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Automobile and Other Motor Vehicle Merchant Wholesalers
- NAICS code
- 423110
- Lender
- Nicolet National Bank
- Address
- 320 BUSINESS HIGHWAY 30 SW
- City
- Mount Vernon, 52314
- County
- Linn
- SBA district office
- CEDAR RAPIDS BRANCH OFFICE
- Congressional district
- 1
$869,600 — FY2024
Loan 3 of 5- Gross approval
- $869,600
- SBA guaranteed
- $652,200 (75%)
- Status
- Paid in full
- Rate at approval
- 11% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 1/26/2024
- First disbursement
- 2/5/2024
- Days to fund
- 10 days
- Paid in full
- 2/28/2026
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 40
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Automobile and Other Motor Vehicle Merchant Wholesalers
- NAICS code
- 423110
- Lender
- Nicolet National Bank
- Address
- 320 BUSINESS HIGHWAY 30 SW
- City
- Mount Vernon, 52314
- County
- Linn
- SBA district office
- CEDAR RAPIDS BRANCH OFFICE
- Congressional district
- 1
$879,200 — FY2020
Loan 4 of 5- Gross approval
- $879,200
- SBA guaranteed
- $659,400 (75%)
- Status
- Paid in full
- Rate at approval
- 7.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 11/12/2019
- First disbursement
- 11/13/2019
- Days to fund
- 1 days
- Paid in full
- 6/30/2021
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 58
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Automobile and Other Motor Vehicle Merchant Wholesalers
- NAICS code
- 423110
- Lender
- Busey Bank
- Address
- 320 Highway 30 SW
- City
- Mount Vernon, 52314
- County
- Linn
- SBA district office
- CEDAR RAPIDS BRANCH OFFICE
- Congressional district
- 1
$300,000 — FY2020
Loan 5 of 5- Gross approval
- $300,000
- SBA guaranteed
- $225,000 (75%)
- Status
- Paid in full
- Rate at approval
- 7.5% v
- Term
- 120 mo (10 yr)
- Program
- Standard Asset Base Working Capital Line
- Subprogram
- Standard Asset Based
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 11/12/2019
- First disbursement
- 12/31/2019
- Days to fund
- 49 days
- Paid in full
- 6/30/2021
- Collateral
- Required
- Jobs supported
- 50
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Automobile and Other Motor Vehicle Merchant Wholesalers
- NAICS code
- 423110
- Lender
- Busey Bank
- Address
- 320 Highway 30 SW
- City
- Mount Vernon, 52314
- County
- Linn
- SBA district office
- CEDAR RAPIDS BRANCH OFFICE
- Congressional district
- 1
The lenders
Nicolet National Bank
3 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding automobile and other motor vehicle merchant wholesalers — by location, industry.
Similar businesses
Comparable automobile and other motor vehicle merchant wholesalers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
XCHANGE AUTO LLC
Washington, IL· ~132 mi
Automobile and Other Motor Vehicle Merchant Wholesalers
- $3.0M
- SBA financing
- ≈ $5.9M–$9.8M
- Est. revenue (rough)
Mickunas LLC
Akron, OH· ~519 mi
Automobile and Other Motor Vehicle Merchant Wholesalers
- $4.4M
- SBA financing
- ≈ $8.6M–$14M
- Est. revenue (rough)
GPSI, L.L.C.
Madison Heights, MI· ~429 mi
Automobile and Other Motor Vehicle Merchant Wholesalers
- $3.0M
- SBA financing
- ≈ $5.9M–$9.9M
- Est. revenue (rough)
DON'S TRUCK SALES
Fairbank, IA· ~59 mi
Automobile and Other Motor Vehicle Merchant Wholesalers
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
Motoplex of Norfolk, Inc.
Norfolk, NE· ~307 mi
Automobile and Other Motor Vehicle Merchant Wholesalers
- $2.0M
- SBA financing
- ≈ $3.9M–$6.5M
- Est. revenue (rough)
Riverside Powersports
Ottawa, IL· ~137 mi
Automobile and Other Motor Vehicle Merchant Wholesalers
- $540K
- SBA financing
- ≈ $1.1M–$1.8M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for PAA LLC in Mount Vernon, IA (Automobile and Other Motor Vehicle Merchant Wholesalers). 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.
- 5 SBA 7(a) loans totaling $4.4M
- On record FY2020–25
- 233 jobs supported
- Industry: Automobile and Other Motor Vehicle Merchant Wholesalers
- Location: Mount Vernon, IA
- Lenders: Nicolet National Bank, Busey Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Automobile and Other Motor Vehicle Merchant Wholesalers businesses in IA for ~$887k 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.
Is PAA LLC your business?
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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 PAA LLC.