Teck Collision Repair
Teck Collision Repair is located in Fontana, CA, and the SBA lists its industry as Automotive Body, Paint, and Interior Repair and Maintenance. It was approved for an SBA 7(a) loan of $2,645,000 for a change of ownership on March 7, 2025.
SBA 7(a) loan, change of ownership, approved Mar 7, 2025
- Gross approval
- $2,645,000
- SBA-guaranteed amount
- $1,983,750 (75% of the approval)
- Lender
- Gulf Coast Bank and Trust Company, New Orleans, LA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 7, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $34,954 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 811121, Automotive Body, Paint, and Interior Repair and Maintenance
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-31
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in Automotive Body, Paint, and Interior Repair and Maintenance on this site.
- Average acquisition loan in Automotive Body, Paint, and Interior Repair and Maintenance: $1,738,412.
- Average acquisition loan in California: $1,688,228.
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
- Brothers Motors Service, Sacramento
- Coldwater Auto Collision Center Inc, North Hollywood
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- Excellence Collision Center LLC, Los Angeles
- Mac Auto Collision, Los Angeles
- Pattersons Collision Center, Santa Clarita
- Crestora LLC, Hayward