Auto Repair Business Acquires its Leased Facility with SBA 504 Loan

Entrepreneur

Minority woman-owned and operated full-service automotive repair shop in Montgomery, Texas, established in 2016.

Real Estate Opportunity

SBA 504 Loan funded the purchase of a 5,000-square-foot auto garage, currently leased, to build equity and reduce occupancy costs.

Financing Package

Texas-based community bank:
$372,500 1st Lien Conventional Loan

Community Business Finance & The U.S. Small Business Administration:
$308,000 2nd Lien SBA 504 Loan