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Aragon Investment Fund Inc.

Hawthorne, CA · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Aragon Investment Fund Inc. is an automotive body, paint, and interior repair and maintenance business in Hawthorne, CA. The company was financed with an SBA 7(a) loan for a change of ownership of $996,000, approved on May 16, 2024 by Citizens Bank.

SBA 7(a) loan, change of ownership, approved May 16, 2024

$996,000 approvedLender: Citizens Bank10 years termPaid in fullLoan details
Gross approval
$996,000
SBA-guaranteed amount
$747,000 (75% of the approval)
Lender
Citizens Bank, Elizabethton, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
May 16, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,440 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 24, 2024
Loan status
Paid in full
Jobs supported
13
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-33
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
  • Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
  • Average acquisition loan in California: $1,688,228.

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 California