Main Street Registry

United Oil Magic Valley

Filer, ID · Gasoline Stations with Convenience Stores · NAICS 457110

United Oil Magic Valley, located in Filer, Idaho, 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 totaling $1,282,000, approved on May 29, 2025 by Southwestern National Bank.

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

$1,282,000 approvedLender: Southwestern National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,282,000
SBA-guaranteed amount
$961,500 (75% of the approval)
Lender
Southwestern National Bank, Houston, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
May 29, 2050 (estimated, approval date plus term)
Estimated monthly payment
$10,540 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 6, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Christensen Inc. - Product Sales Agreement
Project location
Twin Falls County, ID
SBA district office
Boise District Office
Congressional district
ID-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 31% 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 Idaho: $1,527,113.

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 Idaho