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Weir Country Mart LLC

Weir, TX · Gasoline Stations with Convenience Stores · NAICS 457110

Weir Country Mart LLC is a gasoline station with convenience store business in Weir, Texas, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,840,000, approved on January 24, 2025 by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Jan 24, 2025

$3,840,000 approvedLender: The Huntington National Bank299 months termStatus not reported (SBA exemption)Loan details
Gross approval
$3,840,000
SBA-guaranteed amount
$2,880,000 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
24 years, 11 months (299 months)
Estimated maturity
December 24, 2049 (estimated, approval date plus term)
Estimated monthly payment
$31,600 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Williamson County, TX
SBA district office
San Antonio District Office
Congressional district
TX-31
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 85% 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.

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Same industry in Texas