Main Street Registry

Hart's Corner Travel Center

Seminole, TX · Gasoline Stations with Convenience Stores · NAICS 457110

Hart's Corner Travel Center is a gasoline station with convenience store business in Seminole, Texas, in the NAICS category for gasoline stations with convenience stores. The business was financed with an SBA 7(a) loan for a change of ownership of $2,955,400, with PCB Bank as the lender and an approval date of February 14, 2025.

SBA 7(a) loan, change of ownership, approved Feb 14, 2025

$2,955,400 approvedLender: PCB Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,955,400
SBA-guaranteed amount
$2,216,550 (75% of the approval)
Lender
PCB 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
February 14, 2050 (estimated, approval date plus term)
Estimated monthly payment
$23,798 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Gaines County, TX
SBA district office
Lubbock District Office
Congressional district
TX-19
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% 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 Texas: $1,944,682.

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 Texas