Rai Brothers NW LLC
Rai Brothers NW LLC is a convenience store business located in Spokane, Washington, in the convenience stores industry (NAICS 445120). The business was financed with an SBA 7(a) loan for a change of ownership totaling $549,000, approved on July 31, 2024, through Gesa CU.
SBA 7(a) loan, change of ownership, approved Jul 31, 2024
$549,000 approvedLender: Gesa CU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $549,000
- SBA-guaranteed amount
- $411,750 (75% of the approval)
- Lender
- Gesa CU, Richland, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 31, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,562 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 445120, Convenience Stores
- Project location
- Spokane County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Convenience Stores: $749,500.
- 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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