Highway 137 Plaza LLC
Highway 137 Plaza LLC is a gasoline station with convenience store business in Tulare, California, operating under a franchise agreement with ExtraMile Convenience Stores, LLC.
SBA 504 loan, approved Aug 14, 2025
$2,171,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,171,000
- Bank portion
- $3,527,500
- Estimated project size
- $6,331,667 (estimated)
- Estimated owner equity
- $633,167 (estimated, about 10% of the project)
- Bank lender
- Lincoln Capital Management, LLC, Addison, TX
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 14, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- ExtraMile Convenience Stores, LLC - Franchise Agreement
- Project location
- Tulare County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-21
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Larger than 66% 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 California: $2,161,468.
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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