Main Street Registry

Miracle Star Mart LLC

Wooster, AR · Gasoline Stations with Convenience Stores · NAICS 457110

Miracle Star Mart LLC is located in Wooster, AR, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $1,632,200 for a change of ownership on February 14, 2025.

SBA 7(a) loan, change of ownership, approved Feb 14, 2025

Gross approval
$1,632,200
SBA-guaranteed amount
$1,224,150 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
February 14, 2050 (estimated, approval date plus term)
Estimated monthly payment
$13,978 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 1, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Faulkner County, AR
SBA district office
Arkansas District Office
Congressional district
AR-02
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 Arkansas