Main Street Registry

Dhugga & Mand LLC

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

Dhugga & Mand LLC, located in Olympia, WA, operates in the gasoline stations with convenience stores industry (NAICS 457110). The business was financed with an SBA 7(a) loan for a change of ownership of $4.9 million, approved by Readycap Lending, LLC on January 6, 2025.

SBA 7(a) loan, change of ownership, approved Jan 6, 2025

$4,900,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,900,000
SBA-guaranteed amount
$3,675,000 (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%, variable
Term
25 years (300 months)
Estimated maturity
January 6, 2050 (estimated, approval date plus term)
Estimated monthly payment
$41,121 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Thurston 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)
  • Larger than 93% 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