Main Street Registry

White Gold Investment LLC

Tallapoosa, GA · Gasoline Stations with Convenience Stores · NAICS 457110

White Gold Investment LLC is a gasoline station and convenience store business in Tallapoosa, Georgia, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $823,000, approved on October 4, 2023, through Metro City Bank.

SBA 7(a) loan, change of ownership, approved Oct 4, 2023

$823,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$823,000
SBA-guaranteed amount
$617,250 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
October 4, 2048 (estimated, approval date plus term)
Estimated monthly payment
$7,191 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 1, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Haralson County, GA
SBA district office
Georgia District Office
Congressional district
GA-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% 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 Georgia: $2,017,638.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Georgia