Main Street Registry

House of Miracles

Cupertino, CA · General Automotive Repair · NAICS 811111

House of Miracles is a general automotive repair business located in Cupertino, California, operating in the industry classified under NAICS code 811111. The business financed real estate or equipment through an SBA 504 loan of $1,024,000 (the SBA portion), with a total project amount of $1,245,000, from Pinnacle Bank through the certified development company Business Finance Capital, with approval dated January 30, 2024.

SBA 504 loan, approved Jan 30, 2024

$1,024,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,024,000
Bank portion
$1,245,000
Estimated project size
$2,521,111 (estimated)
Estimated owner equity
$252,111 (estimated, about 10% of the project)
Bank lender
Pinnacle Bank, Morgan Hill, CA
CDC
Business Finance Capital
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
January 30, 2049 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-17
Collateral
Yes

Estimated share of project by source

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

  • Larger than 8% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • Average expansion loan in California: $2,161,468.

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 California