Custom Body Works, Inc.
Custom Body Works, Inc. is an automotive body, paint, and interior repair and maintenance business in Hickory, NC. It financed real estate or equipment through an SBA 504 loan of $1,423,000, approved on July 15, 2024, through Truist Bank and the 504 Capital Corporation certified development company.
SBA 504 loan, approved Jul 15, 2024
$1,423,000 SBA portionCDC: 504 Capital Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,423,000
- Bank portion
- $1,735,000
- Estimated project size
- $3,508,889 (estimated)
- Estimated owner equity
- $350,889 (estimated, about 10% of the project)
- Bank lender
- Truist Bank, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 15, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- LLC or partnership
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Catawba County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 39% 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 North Carolina: $2,167,577.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in North Carolina
- Bayside Body Shop, Kill Devil Hills
- Legacy Collision Specialist LLC, Corapeake
- Piedmont Triad Auto Glass Inc., Greensboro