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Complete Automotive of Richmond, Inc.

Glen Allen, VA · General Automotive Repair · NAICS 811111

Complete Automotive of Richmond, Inc. is a general automotive repair business located in Glen Allen, Virginia, classified under NAICS code 811111. The company received an SBA 504 loan approval with an SBA portion of $1,533,000, with United Bank as the bank partner and Business Finance Group, Inc. as the certified development company, approved on May 20, 2025. The loan was approved but not funded.

SBA 504 loan, approved May 20, 2025

$1,533,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,533,000
Bank portion
$1,875,000
Estimated project size
$3,786,667 (estimated)
Estimated owner equity
$378,667 (estimated, about 10% of the project)
Bank lender
United Bank, Fairfax, VA
CDC
Business Finance Group, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 20, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
25
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Henrico County, VA
SBA district office
Richmond District Office
Congressional district
VA-7
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 66% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • Average expansion loan in Virginia: $1,938,955.

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 Virginia