Main Street Registry

Mobil Mart and Panoche Mobil

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

Mobil Mart and Panoche Mobil is a gasoline station with convenience store business in Firebaugh, CA, in the gasoline stations with convenience stores industry (NAICS 457110). The business financed real estate or equipment through an SBA 504 loan of $1,969,000, approved on March 8, 2024, with The Bancorp Bank National Association as the lender and Advantage Certified Development Corporation as the certified development company.

SBA 504 loan, approved Mar 8, 2024

$1,969,000 SBA portionCDC: Advantage Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,969,000
Bank portion
$3,000,000
Estimated project size
$5,521,111 (estimated)
Estimated owner equity
$552,111 (estimated, about 10% of the project)
Bank lender
The Bancorp Bank National Association, Sioux Falls, SD
CDC
Advantage Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 8, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Stuart's Petroleum (Mobil) Contract of Sale
Project location
Fresno County, CA
SBA district office
Fresno District Office
Congressional district
CA-16
Collateral
Yes

Estimated share of project by source

Bank 54% SBA (CDC) 36% Owner 10%

  • Larger than 54% 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