Main Street Registry

MBNJ Enterprises Inc

Lake Tapps, WA · Gasoline Stations with Convenience Stores · NAICS 457110

MBNJ Enterprises Inc, located in Lake Tapps, WA, operates in gasoline stations with convenience stores (NAICS 457110). The company was financed with an SBA 7(a) loan for a change of ownership of $789,000, approved on December 4, 2023 by Hanmi Bank.

SBA 7(a) loan, change of ownership, approved Dec 4, 2023

$789,000 approvedLender: Hanmi Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$789,000
SBA-guaranteed amount
$591,750 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 4, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,646 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 12, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 13% 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 Washington: $1,784,595.

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 Washington