Main Street Registry

Gondal and Bhatti Inc

Cathedral City, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Gondal and Bhatti Inc, located in Cathedral City, CA, operates in the gasoline stations with convenience stores industry (NAICS 457110). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,200,000 approved by Commercial Bank of California on April 6, 2026, and the loan carries a 10-year term. The loan is associated with a franchise or brand agreement with AM/PM Mini-Mart, ARCO Fuel, and Tesoro.

SBA 7(a) loan, change of ownership, approved Apr 6, 2026

Gross approval
$1,200,000
SBA-guaranteed amount
$900,000 (75% of the approval)
Lender
Commercial Bank of California, Irvine, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
10 years (120 months)
Estimated maturity
April 6, 2036 (estimated, approval date plus term)
Estimated monthly payment
$15,039 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 4, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
AM/PM Mini-Mart Agreement - ARCO Fuel - Contract Dealer Gasoline Agreement (Tesoro)
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-36
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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