Sunrise Lubricants & Fuels LLC
Sunrise Lubricants & Fuels LLC is a fuel dealer in Kane, Pennsylvania, classified under NAICS code 457210. The company was financed with two SBA 7(a) loans for a change of ownership, totaling $2,147,000, both approved by Northwest Bank on December 29, 2023.
SBA 7(a) loan, change of ownership, approved Dec 29, 2023
$1,647,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,647,000
- SBA-guaranteed amount
- $1,235,250 (75% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 29, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $23,156 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 457210, Fuel Dealers
- Project location
- Mckean County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Fuel Dealers: $1,682,050.
- Average acquisition loan in Pennsylvania: $1,636,965.
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.
SBA 7(a) loan, change of ownership, approved Dec 29, 2023
$500,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Northwest Bank, Warren, PA
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 29, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $7,030 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 457210, Fuel Dealers
- Project location
- Mckean County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-15
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Fuel Dealers: $1,682,050.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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