Main Street Registry

Independent Automotive Group, Inc.

Santa Barbara, CA · General Automotive Repair · NAICS 811111

Independent Automotive Group, Inc. is a general automotive repair business located in Santa Barbara, California, classified under NAICS code 811111. The company financed real estate or equipment through an SBA 504 loan of $1,067,000, approved on February 27, 2025, with American Riviera Bank as the bank lender and California Statewide Certified Development Corporation as the certified development company.

SBA 504 loan, approved Feb 27, 2025

$1,067,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,067,000
Bank portion
$1,482,500
Estimated project size
$2,832,778 (estimated)
Estimated owner equity
$283,278 (estimated, about 10% of the project)
Bank lender
American Riviera Bank, Santa Barbara, CA
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 27, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Santa Barbara County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-24
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 18% 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