Main Street Registry

MN Restwood Inc

Circle Pines, MN · Gasoline Stations with Convenience Stores · NAICS 457110

MN Restwood Inc is located in Circle Pines, MN, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $785,000 for a change of ownership on November 5, 2023.

SBA 7(a) loan, change of ownership, approved Nov 5, 2023

Gross approval
$785,000
SBA-guaranteed amount
$588,750 (75% of the approval)
Lender
Associated Bank National Association, Green Bay, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
18 years (216 months)
Estimated maturity
November 5, 2041 (estimated, approval date plus term)
Estimated monthly payment
$8,231 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 10, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Anoka County, MN
SBA district office
Minnesota District Office
Congressional district
MN-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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 Minnesota