Main Street Registry

Trac Fuel #11

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

Trac Fuel #11 is located in Texas City, TX, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $2,480,000 for a change of ownership on August 29, 2025.

SBA 7(a) loan, change of ownership, approved Aug 29, 2025

Gross approval
$2,480,000
SBA-guaranteed amount
$1,860,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
August 29, 2050 (estimated, approval date plus term)
Estimated monthly payment
$19,970 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Movement Fuels, LLC (ExxonMobil / Marathon) Motor Fuel Sales Agreement
Project location
Galveston County, TX
SBA district office
Houston District Office
Congressional district
TX-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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