Main Street Registry

Andy & Lakeside Inc.

Yakima, WA · Gasoline Stations with Convenience Stores · NAICS 457110

Andy & Lakeside Inc. is located in Yakima, WA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on August 21, 2024.

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

Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Mountain Pacific Bank, Everett, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
August 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$45,435 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Jackson Food Stores, Inc. (Exxon Mobil / Chevron / Texaco / 76 / Mobil / Tesoro-Shell) Retail Sales Agreement
Project location
Yakima County, WA
SBA district office
Seattle District Office
Congressional district
WA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 Washington