Main Street Registry

ALI786 Investment LLC

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

ALI786 Investment LLC is a gasoline station with convenience store business located in Alvin, Texas, operating under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership of $2,293,000, approved on August 20, 2024, through MidFirst Bank.

SBA 7(a) loan, change of ownership, approved Aug 20, 2024

$2,293,000 approvedLender: MidFirst Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,293,000
SBA-guaranteed amount
$1,719,750 (75% of the approval)
Lender
MidFirst Bank, Oklahoma City, OK
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, fixed
Term
25 years (300 months)
Estimated maturity
August 20, 2049 (estimated, approval date plus term)
Estimated monthly payment
$17,698 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Brazoria County, TX
SBA district office
Houston District Office
Congressional district
TX-14
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 62% 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