Main Street Registry

Jay Ambe Shakti LLC

Fuquay-Varina, NC · Gasoline Stations with Convenience Stores · NAICS 457110

Jay Ambe Shakti LLC is a gasoline station with convenience store business in Fuquay-Varina, North Carolina, classified under NAICS code 457110. The company was approved for an SBA 504 loan that financed real estate or equipment through an SBA 504 loan with a SBA portion of $2,064,000, with TowneBank as the lender and Business Expansion Funding Corporation as the certified development company, and the approval date was April 23, 2024.

SBA 504 loan, approved Apr 23, 2024

$2,064,000 SBA portionCDC: Business Expansion Funding Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,064,000
Bank portion
$2,880,000
Estimated project size
$5,493,333 (estimated)
Estimated owner equity
$549,333 (estimated, about 10% of the project)
Bank lender
TowneBank, Portsmouth, VA
CDC
Business Expansion Funding Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 23, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Wake County, NC
SBA district office
North Carolina District Office
Congressional district
NC-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 61% 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 North Carolina: $2,167,577.

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 North Carolina