| Loan type | Commercial loan |
| Business | Automotive performance shop |
| Closed | April 2024 |
The situation
An automotive performance shop in a prime location gearing up to expand operations. Auto businesses are “special use” to most banks, which means fewer lenders and tighter terms unless the file is packaged for the ones that actually like the category.
The structure
Oakridge secured a commercial loan for PAZI Performance with a lender comfortable with automotive.
The result
Funded April 2024. Auto shops, tire shops, body shops: we’ve done enough of these to know which lenders say yes.
Auto business looking to buy or expand? Call 818-217-1217 or email Info@OakridgeCA.com. Learn more about our SBA loans.