Main Street Registry

Fabi1 Enterprises Inc

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

Fabi1 Enterprises Inc is located in Olympia, WA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $2,184,000 for a change of ownership on March 12, 2024.

SBA 7(a) loan, change of ownership, approved Mar 12, 2024

Gross approval
$2,184,000
SBA-guaranteed amount
$1,638,000 (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
10%, variable
Term
25 years (300 months)
Estimated maturity
March 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$19,846 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
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)

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