Steve's Collision Properties - Collinsville LLC
Steve's Collision Properties - Collinsville LLC is an automotive body, paint, and interior repair and maintenance business located in Collinsville, IL. The company financed real estate or equipment through an SBA 504 loan in the SBA portion amount of $1,397,000, approved on May 3, 2024, through Carrollton Bank and STL Partnership CDC.
SBA 504 loan, approved May 3, 2024
$1,397,000 SBA portionCDC: STL Partnership CDC25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,397,000
- Bank portion
- $2,042,000
- Estimated project size
- $3,821,111 (estimated)
- Estimated owner equity
- $382,111 (estimated, about 10% of the project)
- Bank lender
- Carrollton Bank, Carrollton, IL
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- May 3, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 16, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- Madison County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-12
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 34% of expansion loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
- Average expansion loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,613,705.
- Average expansion loan in Illinois: $2,310,827.
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 Illinois
- Oakton Custom Conversions & Mobility Inc., Skokie
- Schultz Collision Center, LLC, Springfield
- Barzel & Steel Auto LLC, Chicago