Main Street Registry

Blue Sky Market 1

Blue River, OR · Gasoline Stations with Convenience Stores · NAICS 457110

Blue Sky Market 1 is a gasoline station with convenience store operation located in Blue River, Oregon, classified under NAICS code 457110.

SBA 504 loan, approved Dec 31, 2023

$1,315,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termPaid in fullLoan details
SBA (CDC) portion
$1,315,000
Bank portion
$1,835,000
Estimated project size
$3,500,000 (estimated)
Estimated owner equity
$350,000 (estimated, about 10% of the project)
Bank lender
Open Bank, Los Angeles, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 31, 2048 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Paid in full
Jobs supported
11
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Carson Brand (Chevron) Dealer Agreement
Project location
Lane County, OR
SBA district office
Portland District Office
Congressional district
OR-4
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 28% 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 Oregon: $1,931,136.

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.

SBA 7(a) loan, change of ownership, approved Dec 26, 2023

$500,000 approvedLender: Open Bank10 years termPaid in fullLoan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 26, 2033 (estimated, approval date plus term)
Estimated monthly payment
$6,747 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 19, 2024
Loan status
Paid in full
Jobs supported
14
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Lane County, OR
SBA district office
Portland District Office
Congressional district
OR-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • Average acquisition loan in Oregon: $1,946,167.

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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Same industry in Oregon