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Campbell's Collision of Union Lake

Waterford Township, MI · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Campbell's Collision of Union Lake, located in Waterford Township, Michigan, operates in the automotive body, paint, and interior repair and maintenance industry. The business was financed with an SBA 504 loan, with an SBA portion of $1,322,000 approved on December 2, 2024, through PNC Bank, National Association and the Oakland County Business Finance Corporation.

SBA 504 loan, approved Dec 2, 2024

$1,322,000 SBA portionCDC: Oakland County Business Finance Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,322,000
Bank portion
$1,713,600
Estimated project size
$3,372,889 (estimated)
Estimated owner equity
$337,289 (estimated, about 10% of the project)
Bank lender
PNC Bank, National Association, Wilmington, DE
CDC
Oakland County Business Finance Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
December 2, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
25
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Oakland County, MI
SBA district office
Michigan District Office
Congressional district
MI-11
Collateral
Yes

Estimated share of project by source

Bank 51% SBA (CDC) 39% Owner 10%

  • Larger than 30% 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 Michigan: $2,050,489.

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 Michigan