Great Falls Investments MT LLC
Great Falls Investments MT LLC, located in Great Falls, Montana, operates in the gasoline stations with convenience stores industry (NAICS 457110). The company was financed with an SBA 7(a) loan for a change of ownership of $2,026,000, approved on June 20, 2024, by Wallis Bank.
SBA 7(a) loan, change of ownership, approved Jun 20, 2024
$2,026,000 approvedLender: Wallis Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,026,000
- SBA-guaranteed amount
- $1,519,500 (75% of the approval)
- Lender
- Wallis Bank, Wallis, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 20, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $19,129 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Cascade County, MT
- SBA district office
- Montana District Office
- Congressional district
- MT-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 56% 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 Montana: $1,680,827.
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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