Main Street Registry

Karani Enterprises LLC

Irving, TX · Gasoline Stations with Convenience Stores · NAICS 457110

Karani Enterprises LLC is located in Irving, TX, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $650,000 for a change of ownership on June 20, 2024.

SBA 7(a) loan, change of ownership, approved Jun 20, 2024

Gross approval
$650,000
SBA-guaranteed amount
$487,500 (75% of the approval)
Lender
Plains State Bank, Humble, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years, 2 months (302 months)
Estimated maturity
August 20, 2049 (estimated, approval date plus term)
Estimated monthly payment
$6,129 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 23, 2024
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Brad Hall & Associates (Shell) Fuel Supply Agreement
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
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 Texas