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True Colors Custom Paint, Inc. — SBA Loan Record (Elkhart, IN) | DealRoom

Intelligence/Automotive Body, Paint, and Interior Repair and Maintenance/IN

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SBA lending record

True Colors Custom Paint, Inc.

2731 Jami St, Elkhart, IN 46514 · Automotive Body, Paint, and Interior Repair and Maintenance. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$350K

Total SBA financing

1

Loan on record

FY2024

On record

16

Jobs supported

● business — business location is the ZIP-area centroid from the public record

Is True Colors Custom Paint, Inc. your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

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The loan

$350,000 — FY2024

Gross approval: $350,000
SBA guaranteed: $262,500 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 11.5% v
Term: 113 mo (9 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/11/2023
First disbursement: 11/22/2023
Days to fund: 11 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 16
Business type: Corporation
Business age: Unanswered
Industry: Automotive Body, Paint, and Interior Repair and Maintenance
NAICS code: 811121
Lender: Newtek Bank, National Association
Address: 2731 Jami St
City: Elkhart, 46514
County: Elkhart
SBA district office: INDIANA DISTRICT OFFICE
Congressional district: 2

The lender

Newtek Bank, National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding automotive body, paint, and interior repair and maintenance — by location, industry.

SBA lenders in Indiana Lenders for automotive body, paint, and interior repair and maintenance Automotive Body, Paint, and Interior Repair and Maintenance lenders in Indiana

Similar businesses

Comparable automotive body, paint, and interior repair and maintenance in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

David G Guerra

Elkhart, IN· ~3 mi

Automotive Body, Paint, and Interior Repair and Maintenance

$109K
SBA financing: ≈ $213K–$355K
Est. revenue (rough)

Detmer Built Automotive LLC

Hastings, MI· ~72 mi

Automotive Body, Paint, and Interior Repair and Maintenance

$315K
SBA financing: ≈ $617K–$1.0M
Est. revenue (rough)

Carlton Center Services LLC

Freeport, MI· ~79 mi

Automotive Body, Paint, and Interior Repair and Maintenance

$312K
SBA financing: ≈ $612K–$1.0M
Est. revenue (rough)

Eminent Auto Rebuilders Inc

Chicago, IL· ~81 mi

Automotive Body, Paint, and Interior Repair and Maintenance

$344K
SBA financing: ≈ $675K–$1.1M
Est. revenue (rough)

Highland Vans LLC

Elk Grove Village, IL· ~102 mi

Automotive Body, Paint, and Interior Repair and Maintenance

$350K
SBA financing: ≈ $687K–$1.1M
Est. revenue (rough)

Powder Coating Specialty, Inc.

South Chicago Heights, IL· ~85 mi

Automotive Body, Paint, and Interior Repair and Maintenance

$340K
SBA financing: ≈ $667K–$1.1M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for True Colors Custom Paint, Inc. in Elkhart, IN (Automotive Body, Paint, and Interior Repair and Maintenance). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $350K
On record FY2024
16 jobs supported
Industry: Automotive Body, Paint, and Interior Repair and Maintenance
Location: Elkhart, IN
Lender: Newtek Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Automotive Body, Paint, and Interior Repair and Maintenance businesses in IN for ~$350k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/true-colors-custom-paint-inc-in
API:: https://dealroom.so/api/public/businesses/true-colors-custom-paint-inc-in
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is True Colors Custom Paint, Inc. your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with True Colors Custom Paint, Inc..