Hustead's Auto Body
Hustead's Auto Body is located in Berkeley, CA, and the SBA lists its industry as Automotive Body, Paint, and Interior Repair and Maintenance. It was approved for an SBA 504 loan ($1,149,000 SBA portion) on November 19, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 19, 2024
- SBA (CDC) portion
- $1,149,000
- Bank portion
- $1,400,000
- Estimated project size
- $2,832,222 (estimated)
- Estimated owner equity
- $283,222 (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
- November 19, 2049 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Alameda County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-13
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 11% 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 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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