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McNeal Automotive LLC

Pontiac, MI · General Automotive Repair · NAICS 811111

McNeal Automotive LLC is a general automotive repair business located in Pontiac, Michigan, classified under NAICS code 811111. The company financed real estate or equipment through an SBA 504 loan of $1,217,000, with Newtek Bank, National Association as the lender and an approval date of October 3, 2024.

SBA 504 loan, approved Oct 3, 2024

$1,217,000 SBA portionCDC: Great Lakes Commercial Finance25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,217,000
Bank portion
$1,323,638
Estimated project size
$2,822,931 (estimated)
Estimated owner equity
$282,293 (estimated, about 10% of the project)
Bank lender
Newtek Bank, National Association, Miami, FL
CDC
Great Lakes Commercial Finance
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 3, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
6
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Oakland County, MI
SBA district office
Michigan District Office
Congressional district
MI-11
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 34% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • Average expansion loan in Michigan: $2,050,489.

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 Michigan