Muhammad Qureshi and Rukhsana Najam
Muhammad Qureshi and Rukhsana Najam, located in Marietta, GA, operate in the used car dealers industry (NAICS 441120). The business was approved for an SBA 504 loan of $2,274,000 from the SBA portion, with TD Bank, N.A. as the lender and a September 6, 2024 approval date, to finance real estate or equipment through an SBA 504 loan.
SBA 504 loan, approved Sep 6, 2024
$2,274,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,274,000
- Bank portion
- $2,770,150
- Estimated project size
- $5,604,611 (estimated)
- Estimated owner equity
- $560,461 (estimated, about 10% of the project)
- Bank lender
- Td Bank, N.a., Flemington, NJ
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 6, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 7
- Business type
- Individual
- NAICS
- 441120, Used Car Dealers
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-11
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 72% of expansion loans in Used Car Dealers on this site.
- Average expansion loan in Used Car Dealers: $1,930,870.
- Average expansion loan in Georgia: $2,201,121.
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 Georgia
- Cartersville Truck, LLC, Emerson