Main Street Registry

J&M Petroleum Inc.

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

J&M Petroleum Inc. is a gasoline station with convenience store business located in Visalia, California, classified under NAICS 457110. The company financed real estate or equipment through an SBA 504 loan of $2,926,000, approved on February 22, 2024, with East West Bank as the partner lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Feb 22, 2024

$2,926,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,926,000
Bank portion
$4,765,000
Estimated project size
$8,545,556 (estimated)
Estimated owner equity
$854,556 (estimated, about 10% of the project)
Bank lender
East West Bank, Pasadena, 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
February 22, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Tulare County, CA
SBA district office
Fresno District Office
Congressional district
CA-21
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 84% 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 California: $2,161,468.

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