Located in Norfolk, Virginia, EJ Automotive is an automotive service company that specializes in electrical and mechanical work. From engine and transmission replacement to maintenance, safety inspections, and general repairs, EJ Automotive is a one-stop shop for all your vehicle’s needs. The company’s employees are very knowledgeable, experienced, and qualified to service vehicles across a variety of manufacturers.
Jerry Box, the new owner of EJ Automotive, is no stranger to the automotive industry. After working at General Motors’ Cadillac division for 29 years, he decided to branch off on his own and become a business owner. Jerry connected with the previous owners of EJ Automotive, who were selling the business and the commercial real estate. Now on the search for financing, Jerry reached out to his regular bank, which was ultimately unable to finance the purchase. The bank recommended SBA financing, as that would allow him to acquire the business and purchase the commercial real estate through one, consolidated loan. They put Jerry in touch with Dennis Wagner, one of our experienced Business Development Officers, to see if he could finance the deal. Though Jerry knew nothing about SBA loans, Dennis was able to walk him through the process and make sure that he had all of the information and documentation necessary to complete the transaction. With Dennis’ help, Jerry was able to acquire EJ Automotive through an SBA 7(a) loan with favorable terms and benefits.
Here is what Jerry had to say about his partnership with Dennis and FNB Small Business Finance:
Dennis was like a breath of fresh air! He made the SBA lending process easy and gave some good recommendations along the way. He also took the time to get to know me personally. I have nothing but good things to say about Dennis, and would recommend him to other business owners.
We were proud to partner with Jerry on this transaction, and wish him all the success in the world as he starts his journey as a small business owner!
