Falls Marketplace Corporation
Falls Marketplace Corporation is a gasoline station with convenience store located in Fall Creek, Wisconsin, in the gasoline stations with convenience stores industry. The company was financed with an SBA 7(a) loan for a change of ownership of $1,399,500, approved on December 2, 2023, through CCFBank National Association.
SBA 7(a) loan, change of ownership, approved Dec 2, 2023
$1,399,500 approvedLender: CCFBank National Association25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,399,500
- SBA-guaranteed amount
- $1,049,625 (75% of the approval)
- Lender
- CCFBank National Association, Altoona, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 2, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $13,717 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 18, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Fuel Service - DJ's Mart LLC (BP) Fuel Supply Agreement
- Project location
- Eau Claire County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 35% 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 Wisconsin: $1,729,230.
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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