Roy Foster's Automotive
Roy Foster's Automotive, located in Sparks, Nevada, operates in general automotive repair. The company financed real estate or equipment through an SBA 504 loan of $1,420,000, with Glacier Bank as the lender and approval dated June 11, 2025.
SBA 504 loan, approved Jun 11, 2025
$1,420,000 SBA portionCDC: Nevada State Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,420,000
- Bank portion
- $1,733,500
- Estimated project size
- $3,503,889 (estimated)
- Estimated owner equity
- $350,389 (estimated, about 10% of the project)
- Bank lender
- Glacier Bank, Kalispell, MT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 11, 2050 (estimated, approval date plus term)
- First disbursement
- May 13, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 57% of expansion loans in General Automotive Repair on this site.
- Average expansion loan in General Automotive Repair: $1,564,197.
- Average expansion loan in Nevada: $2,098,935.
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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