Diplomat Motors Inc.
Diplomat Motors Inc. is a used car dealer located in Gresham, Oregon, in the NAICS industry for used car dealers. The business was approved for an SBA 504 loan of $2,519,000 with America First Federal Credit Union as the lending bank and The Mortgage Capital Development Corporation as the certified development company, with the approval dated September 10, 2024, to finance real estate or equipment.
SBA 504 loan, approved Sep 10, 2024
$2,519,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,519,000
- Bank portion
- $3,209,000
- Estimated project size
- $6,364,444 (estimated)
- Estimated owner equity
- $636,444 (estimated, about 10% of the project)
- Bank lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 10, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Multnomah County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-3
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 78% of expansion loans in Used Car Dealers on this site.
- Average expansion loan in Used Car Dealers: $1,930,870.
- Average expansion loan in Oregon: $1,931,136.
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 Oregon
- Grand Prix Motors, Inc., Portland
- Family Motor Company Inc, Tualatin