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PREFERRED MOTORS INC — SBA Loan Record (New Hyde Park, NY) | DealRoom

Intelligence/Automotive Parts and Accessories Retailers/NY

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SBA lending record

PREFERRED MOTORS INC

1998 HILLSIDE AVE, New Hyde Park, NY 11040 · Automotive Parts and Accessories Retailers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$600K

Total SBA financing

1

Loan on record

FY2023

On record

2

Jobs supported

● business — business location is the ZIP-area centroid from the public record

Is PREFERRED MOTORS INC 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.

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The loan

$600,000 — FY2023

Gross approval: $600,000
SBA guaranteed: $450,000 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 10.75% v
Term: 107 mo (9 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/22/2023
First disbursement: 5/26/2023
Days to fund: 65 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Automotive Parts and Accessories Retailers
NAICS code: 441330
Lender: Newtek Small Business Finance, Inc.
Address: 1998 HILLSIDE AVE
City: New Hyde Park, 11040
County: Nassau
SBA district office: MELVILLE BRANCH OFFICE
Congressional district: 3

The lender

Newtek Small Business Finance, Inc.

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding automotive parts and accessories retailers — by location, industry.

SBA lenders in New York Lenders for automotive parts and accessories retailers Automotive Parts and Accessories Retailers lenders in New York

Similar businesses

Comparable automotive parts and accessories retailers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

JIS&L MOBILE AUTO PARTS, INC.

Bronx, NY· ~10 mi

Automotive Parts and Accessories Retailers

$245K
SBA financing: ≈ $480K–$801K
Est. revenue (rough)

Daley Technology Systems, LLC

Lindenhurst, NY· ~17 mi

Automotive Parts and Accessories Retailers

$320K
SBA financing: ≈ $627K–$1.0M
Est. revenue (rough)

Claremont Auto Parts Inc.

Bronx, NY· ~13 mi

Automotive Parts and Accessories Retailers

$187K
SBA financing: ≈ $367K–$611K
Est. revenue (rough)

Driver Resource Inc

Manhattan, NY· ~18 mi

Automotive Parts and Accessories Retailers

$175K
SBA financing: ≈ $343K–$572K
Est. revenue (rough)

J Tire Inc

Brooklyn, NY· ~15 mi

Automotive Parts and Accessories Retailers

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

MVS Tool Truck Service, LLC

Furlong, PA· ~80 mi

Cornwell Quality Tools

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for PREFERRED MOTORS INC in New Hyde Park, NY (Automotive Parts and Accessories Retailers). DealRoom 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.

1 SBA 7(a) loan totaling $600K
On record FY2023
2 jobs supported
Industry: Automotive Parts and Accessories Retailers
Location: New Hyde Park, NY
Lender: Newtek Small Business Finance, Inc.

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Automotive Parts and Accessories Retailers businesses in NY for ~$600k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

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); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/preferred-motors-inc-ny
API:: https://dealroom.so/api/public/businesses/preferred-motors-inc-ny
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is PREFERRED MOTORS INC your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with PREFERRED MOTORS INC.