Shri Laxmi 17035 LLC
Shri Laxmi 17035 LLC is a gasoline station with convenience store business located in Hagerstown, Maryland, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,105,000, approved May 6, 2026, by lender Manufacturers and Traders Trust Company.
SBA 7(a) loan, change of ownership, approved May 6, 2026
$1,105,000 approvedLender: Manufacturers and Traders Trust Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,105,000
- SBA-guaranteed amount
- $828,750 (75% of the approval)
- Lender
- Manufacturers and Traders Trust Company, Buffalo, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 6, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $8,898 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Washington County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 25% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
- Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
- Average acquisition loan in Maryland: $1,627,337.
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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