Main Street Registry

Red Star Complete Car Care, Inc.

Pasadena, CA · General Automotive Repair · NAICS 811111

Red Star Complete Car Care, Inc. is a general automotive repair business in Pasadena, California, classified under NAICS code 811111. The company financed real estate or equipment through an SBA 504 loan of $1,027,000, approved on July 9, 2024, with Harvest Commercial Capital, LLC as the lender and Business Finance Capital as the certified development company.

SBA 504 loan, approved Jul 9, 2024

$1,027,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,027,000
Bank portion
$1,244,600
Estimated project size
$2,524,000 (estimated)
Estimated owner equity
$252,400 (estimated, about 10% of the project)
Bank lender
Harvest Commercial Capital, LLC, Laguna Hills, CA
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 9, 2049 (estimated, approval date plus term)
First disbursement
Jan 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811111, General Automotive Repair
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 49% SBA (CDC) 41% Owner 10%

  • Larger than 11% 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