Last Chance General Store
Last Chance General Store is located in Island Park, ID, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $2,040,000 for a change of ownership on December 22, 2025.
SBA 7(a) loan, change of ownership, approved Dec 22, 2025
- Gross approval
- $2,040,000
- SBA-guaranteed amount
- $1,530,000 (75% of the approval)
- Lender
- US Metro Bank, Garden Grove, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 22, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $16,084 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 6, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Parkland USA Corporation â Motor Fuel Supply and Purchase Agreement (Texaco)
- Project location
- Fremont County, ID
- SBA district office
- Boise District Office
- Congressional district
- ID-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 57% 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 Idaho: $1,527,113.
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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