Main Street Registry

B&P Oil LLC

University Place, WA · Gasoline Stations with Convenience Stores · NAICS 457110

B&P Oil LLC, located in University Place, WA, operates in the gasoline stations with convenience stores industry. The company was financed with an SBA 7(a) loan for a change of ownership, with $1.8 million approved through Southwestern National Bank on May 12, 2025.

SBA 7(a) loan, change of ownership, approved May 12, 2025

$1,800,000 approvedLender: Southwestern National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,800,000
SBA-guaranteed amount
$1,350,000 (75% of the approval)
Lender
Southwestern National Bank, Houston, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
May 12, 2050 (estimated, approval date plus term)
Estimated monthly payment
$14,494 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
PacWest Energy (Shell) Retail Sales Agreement
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 48% 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 Washington: $1,784,595.

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 Washington