Mustang Properties LLC
Mustang Properties LLC, located in Cody, Wyoming, operates in the gasoline stations with convenience stores industry. The company was financed with an SBA 7(a) loan for a change of ownership of $696,100, approved on January 19, 2024, by Bank of Bridger National Association, with a 180-month term.
SBA 7(a) loan, change of ownership, approved Jan 19, 2024
$696,100 approvedLender: Bank of Bridger National Association15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $696,100
- SBA-guaranteed amount
- $522,075 (75% of the approval)
- Lender
- Bank of Bridger National Association, Bridger, MT
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 8%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- January 19, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $6,652 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 31, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Park County, WY
- SBA district office
- Wyoming District Office
- Congressional district
- WY-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 9% 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 Wyoming: $1,759,358.
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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