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Jay Hanuman 2024 LLC

Mobile, AL · Gasoline Stations with Convenience Stores · NAICS 457110

Jay Hanuman 2024 LLC is a gasoline station with convenience store operation located in Mobile, Alabama, classified under NAICS 457110. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,280,000, approved by Metro City Bank on May 15, 2024. The loan is associated with a franchise agreement with KARS Petro Distributors, LLC (Multi-Brand) Dealer Supply Agreement.

SBA 7(a) loan, change of ownership, approved May 15, 2024

Gross approval
$2,280,000
SBA-guaranteed amount
$1,710,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
May 15, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,718 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
KARS Petro Distributors, LLC (Multi-Brand) Dealer Supply Agreement
Project location
Mobile County, AL
SBA district office
Alabama District Office
Congressional district
AL-01
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 Alabama