Main Street Registry

Bingo 290 Truck Stop, LLC

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

Bingo 290 Truck Stop, LLC is a gasoline station with convenience store business in Hempstead, Texas. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,662,000, approved on April 3, 2026 by Wallis Bank.

SBA 7(a) loan, change of ownership, approved Apr 3, 2026

$2,662,000 approvedLender: Wallis Bank306 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,662,000
SBA-guaranteed amount
$1,996,500 (75% of the approval)
Lender
Wallis Bank, Wallis, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years, 6 months (306 months)
Estimated maturity
October 3, 2051 (estimated, approval date plus term)
Estimated monthly payment
$20,865 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 22, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Waller County, TX
SBA district office
Houston District Office
Congressional district
TX-10
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 70% 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