Main Street Registry

GGP Energy Inc.

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

GGP Energy Inc. is located in Cottonwood, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $1,777,500 for a change of ownership on February 27, 2025.

SBA 7(a) loan, change of ownership, approved Feb 27, 2025

Gross approval
$1,777,500
SBA-guaranteed amount
$1,333,125 (75% of the approval)
Lender
American Continental Bank, City of Industry, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
February 27, 2050 (estimated, approval date plus term)
Estimated monthly payment
$14,313 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 24, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Shasta County, CA
SBA district office
Sacramento District Office
Congressional district
CA-01
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 California