Main Street Registry

S & Y Petroleum Inc

Long Beach, CA · Gasoline Stations with Convenience Stores · NAICS 457110

S & Y Petroleum Inc, located in Long Beach, CA, operates in the gasoline stations with convenience stores industry (NAICS 457110). The company was financed with an SBA 7(a) loan for a change of ownership of $3,295,000, approved on May 7, 2026 by Open Bank, with a 300-month term.

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

$3,295,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,295,000
SBA-guaranteed amount
$2,471,250 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
May 7, 2051 (estimated, approval date plus term)
Estimated monthly payment
$25,431 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 22, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Marathon Petroleum Company L.P ("ampm" minimart / ARCO Fuel) Retail Sales Agreement
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-38
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 78% 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 California: $1,688,228.

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