Main Street Registry

Mainland Investment

Houston, TX · Used Car Dealers · NAICS 441120

Mainland Investment is a used car dealer located in Houston, Texas, classified under NAICS code 441120. The company financed real estate or equipment through an SBA 504 loan of $1,021,000 approved on January 2, 2025, with Texas Gulf Bank National Association as the lender and North Texas Certified Development Corporation as the certified development company.

SBA 504 loan, approved Jan 2, 2025

$1,021,000 SBA portionCDC: North Texas Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,021,000
Bank portion
$995,206
Estimated project size
$2,240,229 (estimated)
Estimated owner equity
$224,023 (estimated, about 10% of the project)
Bank lender
Texas Gulf Bank National Association, Houston, TX
CDC
North Texas Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 2, 2050 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
LLC or partnership
NAICS
441120, Used Car Dealers
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-18
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 2% of expansion loans in Used Car Dealers on this site.
  • Average expansion loan in Used Car Dealers: $1,930,870.
  • Average expansion loan in Texas: $2,316,979.

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 Texas