FastLane Garage
FastLane Garage is located in Ponder, TX, and the SBA lists its industry as Used Car Dealers. It was approved for an SBA 7(a) loan of $1,884,000 for a change of ownership on January 29, 2026.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
- Gross approval
- $1,884,000
- SBA-guaranteed amount
- $1,413,000 (75% of the approval)
- Lender
- City National Bank of Florida, Coral Gables, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 29, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $24,378 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 19, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Denton County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Used Car Dealers on this site.
- Average acquisition loan in Used Car Dealers: $2,484,440.
- Average acquisition loan in Texas: $1,944,682.
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 Texas
- Ride Realty LLC, McKinney
- Allyag Holdings LLC, Plano
- Mainland Investment, Houston
- World One Auto LLC, Plano
- Sign It Drive It LLC, Denton