Main Street Registry

Capital City Fuel Inc

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

Capital City Fuel Inc, located in Lacey, WA, operates in the gasoline stations with convenience stores industry (NAICS 457110). It was financed with an SBA 7(a) loan for a change of ownership of $750,000, approved on May 29, 2024, by Commonwealth Business Bank, and the business is associated with a franchise agreement.

SBA 7(a) loan, change of ownership, approved May 29, 2024

$750,000 approvedLender: Commonwealth Business Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$750,000
SBA-guaranteed amount
$562,500 (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
10 years (120 months)
Estimated maturity
May 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,015 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
AM/PM Mini-Mart Agreement - ARCO Fuel - Contract Dealer Gasoline Agreement (BP West Coast Products)
Project location
Thurston County, WA
SBA district office
Seattle District Office
Congressional district
WA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 12% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • Average acquisition loan in Washington: $1,784,595.

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