Main Street Registry

122 Hermosa Group, LLC

Lindsay, CA · Gasoline Stations with Convenience Stores · NAICS 457110

122 Hermosa Group, LLC is located in Lindsay, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $696,000 for a change of ownership on February 21, 2024.

SBA 7(a) loan, change of ownership, approved Feb 21, 2024

Gross approval
$696,000
SBA-guaranteed amount
$522,000 (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
10.25%, variable
Term
25 years (300 months)
Estimated maturity
February 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$6,448 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Valero Marketing and Supply Company (VMSC) - Branded Marketing Supply Agreement (Multi-Brand)
Project location
Tulare County, CA
SBA district office
Fresno District Office
Congressional district
CA-22
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 California