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McNeil's Auto Care, Inc.

Riverton, UT · General Automotive Repair · NAICS 811111

McNeil's Auto Care, Inc. is a general automotive repair business in Riverton, UT, classified under NAICS code 811111. The company financed real estate or equipment through an SBA 504 loan of $1,317,000, with Glacier Bank as the participating lender and Intermountain Business Lending, Inc. as the certified development company, with approval dated November 16, 2023.

SBA 504 loan, approved Nov 16, 2023

$1,317,000 SBA portionCDC: Intermountain Business Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,317,000
Bank portion
$1,292,061
Estimated project size
$2,898,957 (estimated)
Estimated owner equity
$289,896 (estimated, about 10% of the project)
Bank lender
Glacier Bank, Kalispell, MT
CDC
Intermountain Business Lending, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 16, 2048 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-4
Collateral
Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

  • Larger than 46% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • Average expansion loan in Utah: $2,117,884.

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 Utah