Main Street Registry

Grover Nagra LLC Dba Jj's in and Out

Bellingham, WA · Convenience Retailers · NAICS 445131

Grover Nagra LLC Dba Jj's in and Out is a convenience retailer located in Bellingham, WA, in the convenience retailers industry (NAICS 445131). The company was financed with an SBA 7(a) loan for a change of ownership totaling $891,500, approved on October 12, 2023 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Oct 12, 2023

$891,500 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$891,500
SBA-guaranteed amount
$668,625 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
October 12, 2033 (estimated, approval date plus term)
Estimated monthly payment
$11,781 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 27, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
Whatcom County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 48% of acquisition loans in Convenience Retailers on this site.
  • Average acquisition loan in Convenience Retailers: $1,185,102.
  • Average acquisition loan in Washington: $1,784,595.

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