Gainesville Retail Group LLC
Gainesville Retail Group LLC is located in Gainesville, TX, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $2,216,000 for a change of ownership on September 28, 2026.
SBA 7(a) loan, change of ownership, approved Sep 28, 2026
- Gross approval
- $2,216,000
- SBA-guaranteed amount
- $1,662,000 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 28, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $17,103 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- World Fuel Services, Inc. Fuel Supply Agreement
- Project location
- Cooke County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 61% 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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