Main Street Registry

Swami Shrijee San Bernardino LLC

San Bernardino, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Swami Shrijee San Bernardino LLC is a gasoline station with convenience store operation located in San Bernardino, California, classified under NAICS 457110. The company was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on December 21, 2023, by American Continental Bank.

SBA 7(a) loan, change of ownership, approved Dec 21, 2023

$500,000 approvedLender: American Continental Bank10 years termPaid in fullLoan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
American Continental Bank, City of Industry, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 21, 2033 (estimated, approval date plus term)
Estimated monthly payment
$6,747 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 4, 2024
Loan status
Paid in full
Jobs supported
3
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Arco (BP) Contract Dealer Gasoline Agreement
Project location
San Bernardino County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-31
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • Average acquisition loan in California: $1,688,228.

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 California