Main Street Registry

Primo Market, Inc.

Kernville, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Primo Market, Inc. is located in Kernville, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $824,000 for a change of ownership on May 30, 2024.

SBA 7(a) loan, change of ownership, approved May 30, 2024

Gross approval
$824,000
SBA-guaranteed amount
$618,000 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, 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
May 30, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,343 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Kern County, CA
SBA district office
Fresno District Office
Congressional district
CA-23
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 California