M & M Castaic, Inc.
M & M Castaic, Inc. is located in Castaic, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $2,393,900 for a change of ownership on May 27, 2024.
SBA 7(a) loan, change of ownership, approved May 27, 2024
- Gross approval
- $2,393,900
- SBA-guaranteed amount
- $1,795,425 (75% of the approval)
- Lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.47%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- May 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $29,643 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 9, 2024
- Loan status
- Paid in full
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-25
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 64% 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 California: $1,688,228.
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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