North Avenue Chevron
North Avenue Chevron is a gasoline station with a convenience store located in Phoenix, Arizona, classified under NAICS code 457110. The business financed real estate or equipment through an SBA 504 loan of $1,697,000, with KS StateBank as the lender and The Mortgage Capital Development Corporation as the certified development company, approved on October 2, 2024.
SBA 504 loan, approved Oct 2, 2024
$1,697,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,697,000
- Bank portion
- $2,367,000
- Estimated project size
- $4,515,556 (estimated)
- Estimated owner equity
- $451,556 (estimated, about 10% of the project)
- Bank lender
- KS StateBank, Manhattan, KS
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 2, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Chevron - Retail Supply Contract
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-6
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 44% of expansion loans in Gasoline Stations with Convenience Stores on this site.
- Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
- Average expansion loan in Arizona: $2,074,452.
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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