Main Street Registry

Carstar City Auto Body

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

Carstar City Auto Body, located in Simi Valley, California, operates in automotive body, paint, and interior repair and maintenance, classified under NAICS code 811121. The business was financed with an SBA 504 loan that financed real estate or equipment through an SBA 504 loan of $1,198,000, with U.S. Bank, National Association as the lender and an approval date of May 22, 2024.

SBA 504 loan, approved May 22, 2024

$1,198,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,198,000
Bank portion
$1,459,000
Estimated project size
$2,952,222 (estimated)
Estimated owner equity
$295,222 (estimated, about 10% of the project)
Bank lender
U.S. Bank, National Association, Cincinnati, OH
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 22, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Franchise
Carstar
Project location
Ventura County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-25
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 23% 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 California: $2,161,468.

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