Main Street Registry

Elk Horn Gas, Inc.

North Highlands, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Elk Horn Gas, Inc. is a gasoline station and convenience store business located in North Highlands, California. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.7 million, approved by Commonwealth Business Bank on April 19, 2024.

SBA 7(a) loan, change of ownership, approved Apr 19, 2024

$1,700,000 approvedLender: Commonwealth Business Bank25 years termPaid in fullLoan details
Gross approval
$1,700,000
SBA-guaranteed amount
$1,275,000 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
April 19, 2049 (estimated, approval date plus term)
Estimated monthly payment
$14,853 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 4, 2024
Loan status
Paid in full
Jobs supported
3
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Sacramento County, CA
SBA district office
Sacramento District Office
Congressional district
CA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 46% 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