Main Street Registry

Giovanni Filippo Cusimano

Los Angeles, CA · General Automotive Repair · NAICS 811111

Giovanni Filippo Cusimano is a general automotive repair business located in Los Angeles, California. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,159,000, approved on October 23, 2024, through First-Citizens Bank & Trust Company and The Mortgage Capital Development Corporation.

SBA 504 loan, approved Oct 23, 2024

$1,159,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,159,000
Bank portion
$1,430,000
Estimated project size
$2,876,667 (estimated)
Estimated owner equity
$287,667 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 23, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Individual
NAICS
811111, General Automotive Repair
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 50% SBA (CDC) 40% Owner 10%

  • Larger than 26% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • 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