Concord Petroleum Inc. Builds an Energy Efficient Gas Station in Concord for $4 Million
Summary
“Energy-efficient improvements allow business owners to take advantage of tax rebates and recoup annual expenses,” said Kurt Chambliss Senior Vice President at TMC Financing.Concord Petroleum was founded by Charanjiv Dhaliwal, who has extensive experience managing and running franchise gas stations with mini-market and restaurant additions.The 20-year fixed-rate SBA loan will supply the area with an AM/PM Minimarket-Acro gas station and Popeye’s Chicken franchise.Energy-efficient enhancements, including solar panels, will provide the location with approximately 10% energy savings, translating to more than $5,000 in energy saving costs per year.“Energy-efficient improvements allow business owners to take advantage of tax rebates and recoup annual expenses,” said Kurt Chambliss Senior Vice President at TMC Financing.Concord Petroleum was founded by Charanjiv Dhaliwal, who has extensive experience managing and running franchise gas stations with mini-market and restaurant additions.The typical loan structure for an SBA 504 loan comes from a first mortgage with a conventional lender and a second mortgage from a certified development company (CDC).About TMCTMC Financing provides Small Business Administration (SBA) 504 real estate financing and is the leading Certified Development Company (CDC) in Northern California and Southern Nevada.