Main Street Registry

AKG Group LLC

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

AKG Group LLC is located in Tacoma, WA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $893,000 for a change of ownership on May 28, 2024.

SBA 7(a) loan, change of ownership, approved May 28, 2024

Gross approval
$893,000
SBA-guaranteed amount
$669,750 (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
9.75%, variable
Term
25 years (300 months)
Estimated maturity
May 28, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,958 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Sun Pacific Energy, Inc. (Spirit) Branded Supply Agreement
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
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