Main Street Registry

Shree Vallabh Krupa Inc

Burlington, NC · Gasoline Stations with Convenience Stores · NAICS 457110

Shree Vallabh Krupa Inc is a gasoline station with convenience store business in Burlington, NC, classified under NAICS 457110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $800,000, approved on October 28, 2024 by Commonwealth Business Bank.

SBA 7(a) loan, change of ownership, approved Oct 28, 2024

$800,000 approvedLender: Commonwealth Business Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$800,000
SBA-guaranteed amount
$600,000 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
October 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$6,990 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Alamance County, NC
SBA district office
North Carolina District Office
Congressional district
NC-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 14% 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 North Carolina: $1,952,444.

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 North Carolina