Cedar Crest Tire And Automotive
Cedar Crest Tire And Automotive is a general automotive repair business located in Cedar Crest, New Mexico, classified under NAICS code 811111. The company was financed with an SBA 7(a) loan for a change of ownership of $627,000, approved by U.S. Bank, National Association, with an approval date of June 30, 2026.
SBA 7(a) loan, change of ownership, approved Jun 30, 2026
$627,000 approvedLender: U.S. Bank, National Association25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $627,000
- SBA-guaranteed amount
- $470,250 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 30, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $4,432 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Bernalillo County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in New Mexico: $1,985,089.
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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