Main Street Registry

Modern Auto Sales of Hollywood

Hollywood, FL · Used Car Dealers · NAICS 441120

Modern Auto Sales of Hollywood, located in Hollywood, FL, is a used car dealer (NAICS 441120). It financed real estate or equipment through an SBA 504 loan of $1,053,000 approved on January 23, 2025, with United Community Bank as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Jan 23, 2025

$1,053,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,053,000
Bank portion
$1,317,000
Estimated project size
$2,633,333 (estimated)
Estimated owner equity
$263,333 (estimated, about 10% of the project)
Bank lender
United Community Bank, Greenville, SC
CDC
Florida Business Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 23, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
441120, Used Car Dealers
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-23
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 9% of expansion loans in Used Car Dealers on this site.
  • Average expansion loan in Used Car Dealers: $1,930,870.
  • Average expansion loan in Florida: $2,058,496.

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 Florida