Main Street Registry

K & L Co-Op Corporation

Owatonna, MN · Gasoline Stations with Convenience Stores · NAICS 457110

K & L Co-Op Corporation is a gasoline station with convenience store business located in Owatonna, Minnesota. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,007,200, approved through lender BankVista with an approval date of July 1, 2026.

SBA 7(a) loan, change of ownership, approved Jul 1, 2026

$1,007,200 approvedLender: BankVista25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,007,200
SBA-guaranteed amount
$755,400 (75% of the approval)
Lender
BankVista, Sartell, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
July 1, 2051 (estimated, approval date plus term)
Estimated monthly payment
$8,281 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 9, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Steele County, MN
SBA district office
Minnesota District Office
Congressional district
MN-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 23% 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 Minnesota: $1,482,119.

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 Minnesota