Main Street Registry

Speed Pro Truck Stop

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

Speed Pro Truck Stop is a gasoline station with convenience store business located in Lynden, Washington. The company financed real estate or equipment through an SBA 504 loan of $4.6 million, with Celtic Bank Corporation as the participating lender and Evergreen Business Capital as the certified development company, approved on October 25, 2023.

SBA 504 loan, approved Oct 25, 2023

$4,569,000 SBA portionCDC: Evergreen Business Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,569,000
Bank portion
$6,385,000
Estimated project size
$12,171,111 (estimated)
Estimated owner equity
$1,217,111 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Evergreen Business Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 25, 2048 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Whatcom County, WA
SBA district office
Seattle District Office
Congressional district
WA-1
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 97% 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 Washington: $2,234,716.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington