Whittier EGas
Whittier EGas is located in Whittier, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $2,600,000 for a change of ownership on December 15, 2023.
SBA 7(a) loan, change of ownership, approved Dec 15, 2023
- Gross approval
- $2,600,000
- SBA-guaranteed amount
- $1,950,000 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 15, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $22,716 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 9, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- 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 68% 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
- Hemet Plaza Inc, Hemet
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- Fuel Hub Inc, San Bernardino
- Premier Gas 3 LLC, Agoura Hills
- Arrowhead Fuel LLC, Lake Arrowhead
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