Komal Investments LLC
Komal Investments LLC, located in Terry, Mississippi, 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 $1.225 million, approved on August 19, 2024, through Community Bank of Mississippi.
SBA 7(a) loan, change of ownership, approved Aug 19, 2024
$1,225,000 approvedLender: Community Bank of Mississippi15 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,225,000
- SBA-guaranteed amount
- $918,750 (75% of the approval)
- Lender
- Community Bank of Mississippi, Flowood, MS
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, fixed
- Term
- 15 years (180 months)
- Estimated maturity
- August 19, 2039 (estimated, approval date plus term)
- Estimated monthly payment
- $12,425 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Hinds County, MS
- SBA district office
- Mississippi District Office
- Congressional district
- MS-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 29% 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 Mississippi: $1,688,600.
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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