Pic N Tote Three LLC
Pic N Tote Three LLC is located in Fort Smith, AR, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $3,348,000 for a change of ownership on November 5, 2024.
SBA 7(a) loan, change of ownership, approved Nov 5, 2024
- Gross approval
- $3,348,000
- SBA-guaranteed amount
- $2,511,000 (75% of the approval)
- Lender
- T Bank, National Association, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 5, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $29,251 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 19
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Sebastian County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 79% 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 Arkansas: $2,003,702.
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 Arkansas
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- Avoca Energy LLC, Avoca
- Pic N Tote Two LLC, Fort Smith
- Pic N Tote Midland LLC, Fort Smith