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Turbo Tim's Anything Automotive, LLC

Mounds View, MN · General Automotive Repair · NAICS 811111

Turbo Tim's Anything Automotive, LLC is a general automotive repair business located in Mounds View, Minnesota, classified under NAICS code 811111. The company was financed through an SBA 504 loan approved on September 13, 2024, with an SBA portion of $1,310,000 and a bank portion from Northeast Bank, processed by the certified development company Midwest Business Finance Corporation. The loan is reported as supporting 8 jobs.

SBA 504 loan, approved Sep 13, 2024

$1,310,000 SBA portionCDC: Midwest Business Finance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,310,000
Bank portion
$1,823,100
Estimated project size
$3,481,222 (estimated)
Estimated owner equity
$348,122 (estimated, about 10% of the project)
Bank lender
Northeast Bank, Lewiston, ME
CDC
Midwest Business Finance Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 13, 2049 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Ramsey County, MN
SBA district office
Minnesota District Office
Congressional district
MN-4
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 42% of expansion loans in General Automotive Repair on this site.
  • Average expansion loan in General Automotive Repair: $1,564,197.
  • Average expansion loan in Minnesota: $2,136,981.

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 Minnesota