Smart Shop 12 Inc
Smart Shop 12 Inc is located in Lexington, NC, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 504 loan ($2,309,000 SBA portion) on March 13, 2026 to finance real estate or equipment.
SBA 504 loan, approved Mar 13, 2026
- SBA (CDC) portion
- $2,309,000
- Bank portion
- $3,205,889
- Estimated project size
- $6,127,654 (estimated)
- Estimated owner equity
- $612,765 (estimated, about 10% of the project)
- Bank lender
- Atlantic Union Bank, Richmond, VA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- March 13, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Cary Oil Company Inc - Complete Contract of Sale (Branded)
- Project location
- Davidson County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-13
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 75% 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 North Carolina: $2,167,577.
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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