Big O Tires Store
Big O Tires Store is located in Cave Creek, AZ, and the SBA lists its industry as Automotive Oil Change and Lubrication Shops. It was approved for an SBA 504 loan ($1,333,000 SBA portion) on May 7, 2024 to finance real estate or equipment.
SBA 504 loan, approved May 7, 2024
- SBA (CDC) portion
- $1,333,000
- Bank portion
- $1,614,000
- Estimated project size
- $3,274,444 (estimated)
- Estimated owner equity
- $327,444 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 7, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811191, Automotive Oil Change and Lubrication Shops
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-4
- 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 Arizona: $2,074,452.
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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