175 West Main Hillsboro LLC
175 West Main Hillsboro LLC, located in Hillsborough, NH, operates in the automotive oil change and lubrication shops industry. The company was approved for an SBA 504 loan of $1,195,000 to finance real estate or equipment through an SBA 504 loan, with Salem Five Cents Savings Bank as the lender and Bay Colony Development Corporation as the certified development company, with approval dated September 16, 2026.
SBA 504 loan, approved Sep 16, 2026
$1,195,000 SBA portionCDC: Bay Colony Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,195,000
- Bank portion
- $1,450,000
- Estimated project size
- $2,938,889 (estimated)
- Estimated owner equity
- $293,889 (estimated, about 10% of the project)
- Bank lender
- Salem Five Cents Savings Bank, Salem, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 16, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 811191, Automotive Oil Change and Lubrication Shops
- Project location
- Hillsborough County, NH
- SBA district office
- New Hampshire District Office
- Congressional district
- NH-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Automotive Oil Change and Lubrication Shops: $1,439,111.
- Average expansion loan in New Hampshire: $1,898,259.
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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