Main Street Registry

Crysteel Truck Equipment, Inc.

Fridley, MN · General Automotive Repair · NAICS 811111

Crysteel Truck Equipment, Inc. is a general automotive repair business in Fridley, Minnesota, classified under NAICS code 811111. The company financed real estate or equipment through an SBA 504 loan of $1,964,000, with a total project amount of $2,400,000, approved on April 18, 2025, through United Prairie Bank and the certified development company Dakota Business Lending. The loan was reported with 6 jobs.

SBA 504 loan, approved Apr 18, 2025

$1,964,000 SBA portionCDC: Dakota Business Lending25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,964,000
Bank portion
$2,400,000
Estimated project size
$4,848,889 (estimated)
Estimated owner equity
$484,889 (estimated, about 10% of the project)
Bank lender
United Prairie Bank, Mountain Lake, MN
CDC
Dakota Business Lending
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 18, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
6
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Anoka County, MN
SBA district office
Minnesota District Office
Congressional district
MN-3
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 80% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • Average expansion loan in Minnesota: $2,136,981.

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 Minnesota