King of Cars and Trucks Inc
King of Cars and Trucks Inc is a used car dealer located in Sewell, also known as Washington Township, New Jersey, classified under NAICS code 441120 (Used Car Dealers). The business was approved for an SBA 504 loan of $2,746,000, which financed real estate or equipment through an SBA 504 loan, with The Bancorp Bank National Association as the lender and Trenton Business Assistance Corporation as the CDC, with approval dated February 20, 2026.
SBA 504 loan, approved Feb 20, 2026
$2,746,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,746,000
- Bank portion
- $3,340,000
- Estimated project size
- $6,762,222 (estimated)
- Estimated owner equity
- $676,222 (estimated, about 10% of the project)
- Bank lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 20, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Gloucester County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 83% of expansion loans in Used Car Dealers on this site.
- Average expansion loan in Used Car Dealers: $1,930,870.
- Average expansion loan in New Jersey: $2,533,058.
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 New Jersey
- 42 N Main St Marlboro LLC, Marlboro