Main Street Registry

Aki Investment Group LLC

Durham, NC · Gasoline Stations with Convenience Stores · NAICS 457110

Aki Investment Group LLC is a gasoline station with convenience store business in Durham, NC. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,584,000, approved on September 4, 2024, through TowneBank and the Business Expansion Funding Corporation.

SBA 504 loan, approved Sep 4, 2024

$1,584,000 SBA portionCDC: Business Expansion Funding Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,584,000
Bank portion
$2,207,000
Estimated project size
$4,212,222 (estimated)
Estimated owner equity
$421,222 (estimated, about 10% of the project)
Bank lender
TowneBank, Portsmouth, VA
CDC
Business Expansion Funding Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 4, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Durham County, NC
SBA district office
North Carolina District Office
Congressional district
NC-4
Collateral
Yes

Estimated share of project by source

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

  • Larger than 38% 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 North Carolina: $2,167,577.

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 North Carolina