Main Street Registry

Arco Am/pm #83823

Modesto, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Arco Am/pm #83823 is a gasoline station with a convenience store in Modesto, California, classified under NAICS 457110. The business was financed with an SBA 7(a) loan for a change of ownership of $1,957,000, approved by Open Bank on January 30, 2025.

SBA 7(a) loan, change of ownership, approved Jan 30, 2025

$1,957,000 approvedLender: Open Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,957,000
SBA-guaranteed amount
$1,467,750 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
January 30, 2035 (estimated, approval date plus term)
Estimated monthly payment
$25,056 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
AM/PM Mini-Mart Agreement - ARCO Fuel - Contract Dealer Gasoline Agreement (BP West Coast Products)
Project location
Stanislaus County, CA
SBA district office
Fresno District Office
Congressional district
CA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 54% 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