Main Street Registry

Jag Petroleum Inc

Kokomo, IN · Gasoline Stations with Convenience Stores · NAICS 457110

Jag Petroleum Inc is a gasoline station with convenience store business in Kokomo, Indiana, in the NAICS category for gasoline stations with convenience stores. The company was financed with an SBA 7(a) loan for a change of ownership, approved on August 22, 2025, in the amount of $1.28 million through Community First Bank of Indiana. The loan has a 25-year term and the business reports 5 jobs.

SBA 7(a) loan, change of ownership, approved Aug 22, 2025

$1,280,000 approvedLender: Community First Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,280,000
SBA-guaranteed amount
$960,000 (75% of the approval)
Lender
Community First Bank of Indiana, Kokomo, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
August 22, 2050 (estimated, approval date plus term)
Estimated monthly payment
$11,183 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Cary Oil Company Inc - Complete Contract of Sale (Branded)
Project location
Howard County, IN
SBA district office
Indiana District Office
Congressional district
IN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 31% 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 Indiana: $1,995,900.

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 Indiana