BG of New Mexico Inc.
BG of New Mexico Inc. is a petroleum and petroleum products merchant wholesaler located in Albuquerque, New Mexico, operating in the NAICS 424720 industry. The company was financed with an SBA 7(a) loan for a change of ownership of $927,000, approved on July 30, 2025, through Zions Bancorporation, National Association.
SBA 7(a) loan, change of ownership, approved Jul 30, 2025
$927,000 approvedLender: Zions Bancorporation, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $927,000
- SBA-guaranteed amount
- $695,250 (75% of the approval)
- Lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.3%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 30, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,432 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 424720, Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
- Project location
- Bernalillo County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals): $1,807,550.
- Average acquisition loan in New Mexico: $1,985,089.
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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