Main Street Registry

Open Door Investment Holdings, LLC

Wetumpka, AL · Gasoline Stations with Convenience Stores · NAICS 457110

Open Door Investment Holdings, LLC is a business in Wetumpka, Alabama, in the gasoline stations with convenience stores industry. The company financed real estate or equipment through an SBA 504 loan of $1,200,000, approved on September 10, 2024, with MAX Credit Union as the participating lender and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Sep 10, 2024

$1,200,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,200,000
Bank portion
$1,951,000
Estimated project size
$3,501,111 (estimated)
Estimated owner equity
$350,111 (estimated, about 10% of the project)
Bank lender
MAX Credit Union, Montgomery, AL
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 10, 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
Elmore County, AL
SBA district office
Alabama District Office
Congressional district
AL-2
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 21% 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 Alabama: $2,182,891.

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 Alabama