Main Street Registry

Gavinko Petroleum

Stockton, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Gavinko Petroleum, located in Stockton, California, operates in the gasoline stations with convenience stores industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.5 million, approved on March 18, 2025, through Open Bank.

SBA 7(a) loan, change of ownership, approved Mar 18, 2025

$3,525,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,525,000
SBA-guaranteed amount
$2,643,750 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
March 18, 2050 (estimated, approval date plus term)
Estimated monthly payment
$28,384 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
San Joaquin County, CA
SBA district office
Sacramento District Office
Congressional district
CA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 81% 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 California: $1,688,228.

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 California