Main Street Registry

New ARKK Business LLC

Mineral Wells, TX · Gasoline Stations with Convenience Stores · NAICS 457110

New ARKK Business LLC is a gasoline station with convenience store business in Mineral Wells, TX, according to its SBA industry classification. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,975,000, approved on May 20, 2026, through Metro City Bank. The loan records 4 jobs.

SBA 7(a) loan, change of ownership, approved May 20, 2026

$1,975,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,975,000
SBA-guaranteed amount
$1,481,250 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
May 20, 2051 (estimated, approval date plus term)
Estimated monthly payment
$14,918 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 5, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Palo Pinto County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 54% 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 Texas: $1,944,682.

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 Texas