Main Street Registry

Nebraska Street Realty, LLC

Worcester, MA · General Automotive Repair · NAICS 811111

Nebraska Street Realty, LLC is a general automotive repair business in Worcester, MA, classified under NAICS code 811111. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,233,000, approved on November 1, 2024, through Clinton Savings Bank and Granite State Economic Development Corporation.

SBA 504 loan, approved Nov 1, 2024

$2,233,000 SBA portionCDC: Granite State Economic Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,233,000
Bank portion
$2,875,000
Estimated project size
$5,675,556 (estimated)
Estimated owner equity
$567,556 (estimated, about 10% of the project)
Bank lender
Clinton Savings Bank, Clinton, MA
CDC
Granite State Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 1, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Worcester County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-2
Collateral
Yes

Estimated share of project by source

Bank 51% SBA (CDC) 39% Owner 10%

  • Larger than 87% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • Average expansion loan in Massachusetts: $2,009,683.

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 Massachusetts