Main Street Registry

Sandhu Brothers LLC

Concrete, WA · Gasoline Stations with Convenience Stores · NAICS 457110

Sandhu Brothers LLC is a gasoline station with convenience store business located in Concrete, Washington, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership of $1.37 million, approved on December 6, 2023, through Peoples Bank, with 8 jobs reported.

SBA 7(a) loan, change of ownership, approved Dec 6, 2023

$1,370,000 approvedLender: Peoples Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,370,000
SBA-guaranteed amount
$1,027,500 (75% of the approval)
Lender
Peoples Bank, Bellingham, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
December 6, 2048 (estimated, approval date plus term)
Estimated monthly payment
$11,032 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Skagit County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 34% 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 Washington: $1,784,595.

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 Washington