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M&H Automotive Inc

Temple City, CA · Automotive Body, Paint, and Interior Repair and Maintenance · NAICS 811121

M&H Automotive Inc, located in Temple City, CA, operates in automotive body, paint, and interior repair and maintenance. The company financed real estate or equipment through an SBA 504 loan of $1,725,000, with the approval dated November 12, 2024, and the loan was made through The Mortgage Capital Development Corporation with Momentus Direct Capital as the lending partner.

SBA 504 loan, approved Nov 12, 2024

$1,725,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,725,000
Bank portion
$2,150,000
Estimated project size
$4,305,556 (estimated)
Estimated owner equity
$430,556 (estimated, about 10% of the project)
Bank lender
Momentus Direct Capital, San Diego, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 12, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
8
Business type
Corporation
NAICS
811121, Automotive Body, Paint, and Interior Repair and Maintenance
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-27
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 68% 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 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