Madill Mart
Madill Mart is located in Madill, OK, and the SBA lists its industry as Convenience Retailers. It was approved for an SBA 7(a) loan of $1,229,000 for a change of ownership on March 17, 2026.
SBA 7(a) loan, change of ownership, approved Mar 17, 2026
- Gross approval
- $1,229,000
- SBA-guaranteed amount
- $921,750 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 17, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $9,486 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 445131, Convenience Retailers
- Franchise
- VP Racing Fuels, Inc. - Branded Retail Licensing Agreement
- Project location
- Marshall County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 65% of acquisition loans in Convenience Retailers on this site.
- Average acquisition loan in Convenience Retailers: $1,185,102.
- Average acquisition loan in Oklahoma: $1,861,759.
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 Oklahoma
- Carter Express, Ardmore