Main Street Registry

Cxt Heavy Truck Salvage

Los Angeles, CA · Automotive Parts and Accessories Retailers · NAICS 441330

Cxt Heavy Truck Salvage is an automotive parts and accessories retailer located in Los Angeles, California, classified under NAICS code 441330. The company financed real estate or equipment through an SBA 504 loan of $1.5 million, with First-Citizens Bank & Trust Company as the lender and Business Finance Capital as the certified development company, with approval dated October 30, 2024. The loan supports 8 jobs.

SBA 504 loan, approved Oct 30, 2024

$1,500,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,500,000
Bank portion
$1,805,000
Estimated project size
$3,672,222 (estimated)
Estimated owner equity
$367,222 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 30, 2049 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
441330, Automotive Parts and Accessories Retailers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-33
Collateral
Yes

Estimated share of project by source

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

  • Larger than 50% of expansion loans in Automotive Parts and Accessories Retailers on this site.
  • Average expansion loan in Automotive Parts and Accessories Retailers: $1,798,500.
  • 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