Main Street Registry

122 Hermosa Group, LLC

Lindsay, CA · Gasoline Stations with Convenience Stores · NAICS 457110

122 Hermosa Group, LLC, located in Lindsay, CA, operates in the gasoline stations with convenience stores industry (NAICS 457110) and is a franchise under the Valero Marketing and Supply Company branded marketing supply agreement. The business was financed with an SBA 7(a) loan for a change of ownership of $696,000, approved on February 21, 2024, by Commonwealth Business Bank.

SBA 7(a) loan, change of ownership, approved Feb 21, 2024

$696,000 approvedLender: Commonwealth Business Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$696,000
SBA-guaranteed amount
$522,000 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
February 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$6,448 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Valero Marketing and Supply Company (VMSC) - Branded Marketing Supply Agreement (Multi-Brand)
Project location
Tulare County, CA
SBA district office
Fresno District Office
Congressional district
CA-22
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 9% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • 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