Main Street Registry

Prajas Ore City, LLC

Ore City, TX · Gasoline Stations with Convenience Stores · NAICS 457110

Prajas Ore City, LLC is a gasoline station with convenience store business located in Ore City, Texas. The company was financed with an SBA 7(a) loan for a change of ownership, approved in the amount of $1,000,000 through Metro City Bank with an approval date of August 29, 2024.

SBA 7(a) loan, change of ownership, approved Aug 29, 2024

$1,000,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
August 29, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,911 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Upshur County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 21% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Texas