Main Street Registry

Ladd's Auto Body & Towing, Inc

Felton, CA · Motor Vehicle Towing · NAICS 488410

Ladd's Auto Body & Towing, Inc is a motor vehicle towing business located in Felton, California, classified under NAICS code 488410. It was financed with an SBA 7(a) loan for a change of ownership of $539,000, approved on May 23, 2025, through Celtic Bank Corporation.

SBA 7(a) loan, change of ownership, approved May 23, 2025

$539,000 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$539,000
SBA-guaranteed amount
$404,250 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
May 23, 2035 (estimated, approval date plus term)
Estimated monthly payment
$7,198 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
488410, Motor Vehicle Towing
Project location
Santa Cruz County, CA
SBA district office
San Francisco District Office
Congressional district
CA-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Motor Vehicle Towing: $1,770,240.
  • Average acquisition loan in California: $1,688,228.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California