Bob's Petro Products, Inc.
Bob's Petro Products, Inc. is located in Porterville, CA, and the SBA lists its industry as Confectionery and Nut Retailers. It was approved for an SBA 7(a) loan of $3,613,000 for a change of ownership on October 30, 2023.
SBA 7(a) loan, change of ownership, approved Oct 30, 2023
- Gross approval
- $3,613,000
- SBA-guaranteed amount
- $2,709,750 (75% of the approval)
- Lender
- Customers Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- October 30, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $47,247 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 7, 2023
- Loan status
- Paid in full
- Jobs supported
- 22
- Business type
- Corporation
- NAICS
- 445292, Confectionery and Nut Retailers
- Project location
- Tulare County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Confectionery and Nut Retailers: $1,185,189.
- 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
- Hibbs' Treats LLC, Windsor
- Folsom Town Sweets LLC, Folsom
- Tlp101 LLC, Encinitas