Florin Petroleum LLC
Florin Petroleum LLC is located in Sacramento, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 504 loan ($1,655,000 SBA portion) on December 7, 2023 to finance real estate or equipment.
SBA 504 loan, approved Dec 7, 2023
- SBA (CDC) portion
- $1,655,000
- Bank portion
- $2,310,000
- Estimated project size
- $4,405,556 (estimated)
- Estimated owner equity
- $440,556 (estimated, about 10% of the project)
- Bank lender
- Tri Counties Bank, Chico, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 7, 2048 (estimated, approval date plus term)
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- 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
- Sacramento County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-3
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 43% of expansion loans in Gasoline Stations with Convenience Stores on this site.
- Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
- Average expansion loan in California: $2,161,468.
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
- Hemet Plaza Inc, Hemet
- Hydesville Petroleum Inc., Hydesville
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- SNJ Kwik Stop, Shafter
- Fuel Hub Inc, San Bernardino
- Premier Gas 3 LLC, Agoura Hills
- Arrowhead Fuel LLC, Lake Arrowhead
- More for Less, Red Bluff