850 Atlantic Collision, Inc.
850 Atlantic Collision, Inc. is a business in Brooklyn, NY, in the automotive body, paint, and interior repair and maintenance industry. The company financed real estate or equipment through an SBA 504 loan of $1,175,000, with Wells Fargo Bank National Association as the lender and Empire State Certified Development Corporation as the certified development company, approved on May 13, 2025.
SBA 504 loan, approved May 13, 2025
- SBA (CDC) portion
- $1,175,000
- Bank portion
- $1,700,000
- Estimated project size
- $3,194,444 (estimated)
- Estimated owner equity
- $319,444 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- May 13, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-7
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 16% of expansion loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
- Average expansion loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,613,705.
- Average expansion loan in New York: $2,225,161.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in New York
- Ideal Flatbush Autobody Inc., Brooklyn