Munisuvrata Properties LLC
Munisuvrata Properties LLC, located in Cloverdale, Indiana, operates in the gasoline stations with convenience stores industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5 million, approved on April 3, 2024, by Hanover Community Bank.
SBA 7(a) loan, change of ownership, approved Apr 3, 2024
$5,000,000 approvedLender: Hanover Community Bank25 years termPaid in fullLoan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Hanover Community Bank, Mineola, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 3, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $46,319 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 27, 2024
- Loan status
- Paid in full
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Putnam County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 94% 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 Indiana: $1,995,900.
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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