Main Street Registry

South Tower LLC

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

South Tower LLC is located in Centralia, WA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $1,256,000 for a change of ownership on June 14, 2024.

SBA 7(a) loan, change of ownership, approved Jun 14, 2024

Gross approval
$1,256,000
SBA-guaranteed amount
$942,000 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
23 years, 2 months (278 months)
Estimated maturity
August 14, 2047 (estimated, approval date plus term)
Estimated monthly payment
$11,624 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Wilson Oil, Inc. Contract of Sale (Branded) Dealer Operating Agreement
Project location
Lewis County, WA
SBA district office
Seattle District Office
Congressional district
WA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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