Main Street Registry

Washington Mobil

San Diego, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Washington Mobil is located in San Diego, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $572,500 for a change of ownership on July 26, 2024.

SBA 7(a) loan, change of ownership, approved Jul 26, 2024

Gross approval
$572,500
SBA-guaranteed amount
$429,375 (75% of the approval)
Lender
Endeavor Bank, San Diego, CA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
July 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,725 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 4, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Circle K Stores, Inc. (Multi Brands) Complete Contract of Sale Branded (Branded-Reseller)
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-53
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 California