Sea Breeze Convenience, LLC
Sea Breeze Convenience, LLC is a gasoline station with convenience store business located in Manchester, MA. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $765,000, approved on March 25, 2025 by Rockland Trust Company.
SBA 7(a) loan, change of ownership, approved Mar 25, 2025
$765,000 approvedLender: Rockland Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $765,000
- SBA-guaranteed amount
- $573,750 (75% of the approval)
- Lender
- Rockland Trust Company, Rockland, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,882 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Essex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 12% 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 Massachusetts: $1,643,977.
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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