Makalu Gas & Mart
Makalu Gas & Mart is a gasoline station with convenience store located in Warwick, Rhode Island, in the gasoline stations with convenience stores industry. The business was financed with an SBA 7(a) loan for a change of ownership of $811,700, approved by Harvest Small Business Finance, LLC on April 8, 2026.
SBA 7(a) loan, change of ownership, approved Apr 8, 2026
$811,700 approvedLender: Harvest Small Business Finance, LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $811,700
- SBA-guaranteed amount
- $608,775 (75% of the approval)
- Lender
- Harvest Small Business Finance, LLC, Laguna Hills, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 8, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $7,233 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 28, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Drake Petroleum Company Inc. (Sunoco) Dealer Sales Contract
- Project location
- Kent County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 15% 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 Rhode Island: $1,739,073.
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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