Express Oil Change & Tire Engineers
Express Oil Change & Tire Engineers is an automotive oil change and lubrication shop located in Riverview, Florida. The business financed real estate or equipment through an SBA 504 loan of $1,632,000, with DFCU Financial as the bank partner and Florida First Capital Finance Corporation, Inc. as the certified development company, and the loan was approved on September 5, 2024.
SBA 504 loan, approved Sep 5, 2024
$1,632,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,632,000
- Bank portion
- $2,189,640
- Estimated project size
- $4,246,267 (estimated)
- Estimated owner equity
- $424,627 (estimated, about 10% of the project)
- Bank lender
- DFCU Financial, Dearborn, MI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 5, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811191, Automotive Oil Change and Lubrication Shops
- Project location
- Hillsborough County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-16
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Automotive Oil Change and Lubrication Shops: $1,439,111.
- Average expansion loan in Florida: $2,058,496.
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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