Main Street Registry

Galt Fuel Enterprises LLC

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

Galt Fuel Enterprises LLC is a gasoline station with convenience store business in Galt, California, classified under NAICS 457110. The company financed real estate or equipment through an SBA 504 loan of $2,152,000, approved November 7, 2023, through Five Star Bank with The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Nov 7, 2023

$2,152,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,152,000
Bank portion
$3,005,000
Estimated project size
$5,730,000 (estimated)
Estimated owner equity
$573,000 (estimated, about 10% of the project)
Bank lender
Five Star Bank, Rancho Cordova, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 7, 2048 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Chevron - Retail Supply Contract
Project location
Sacramento County, CA
SBA district office
Sacramento District Office
Congressional district
CA-3
Collateral
Yes

Estimated share of project by source

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

  • Larger than 65% of expansion loans in Gasoline Stations with Convenience Stores on this site.
  • Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
  • Average expansion loan in California: $2,161,468.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California