Pr Petroleum LLC
Pr Petroleum LLC is a gasoline station with a convenience store located in Dallas, Pennsylvania, in the gasoline stations with convenience stores industry. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,310,000, with an approval date of July 16, 2024, from Metro City Bank.
SBA 7(a) loan, change of ownership, approved Jul 16, 2024
$1,310,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,310,000
- SBA-guaranteed amount
- $982,500 (75% of the approval)
- Lender
- Metro City Bank, Doraville, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 16, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $11,445 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Project location
- Luzerne County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 32% 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 Pennsylvania: $1,636,965.
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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