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Carstar Delray Beach East

Delray Beach, FL · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

Carstar Delray Beach East is located in Delray Beach, Florida, and operates in automotive body, paint, and interior repair and maintenance (NAICS 811121). The business financed real estate or equipment through an SBA 504 loan of $1,311,000 from the SBA portion, with First-Citizens Bank & Trust Company as the lender and Florida First Capital Finance Corporation, Inc.

SBA 504 loan, approved Feb 12, 2025

$1,311,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,311,000
Bank portion
$1,500,000
Estimated project size
$3,123,333 (estimated)
Estimated owner equity
$312,333 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 12, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-21
Collateral
Yes

Estimated share of project by source

Bank 48% SBA (CDC) 42% Owner 10%

  • Larger than 27% 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 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