Franchise Loan for an Exxon Gas Station was CLOSED! They purchased commercial real estate and equipment, yet all they needed was some help from their goodwill, inventory, and a little working capital. This Exxon Gas location in North Carolina has 6 pumps; a canopy island; convenience, lottery and liquor; small restaurant and grocer.
This is the gas station franchise loan terms for the purchase of commercial real estate:
- SBA 7a loan program
- 80% Loan to purchase price
- $1,510,000 loan amount
- 25 Year term
- 25 Year amortization
- Variable rate
- 6% Interest rate
- No call / No balloon
- ALL CLOSING COSTS FINANCED
- 5,3,1 Prepayment penalty ONLY
- No origination fees to the bank
- $30,000 of permanent working capital
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