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Leo Investment Texas LLC

Goldthwaite, TX · Gasoline Stations with Convenience Stores · NAICS 457110

Leo Investment Texas LLC, located in Goldthwaite, Texas, operates in the gasoline stations with convenience stores industry (NAICS 457110). The business was financed with an SBA 7(a) loan for a change of ownership of $840,000, approved by Wallis Bank on November 7, 2024.

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

$840,000 approvedLender: Wallis Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$840,000
SBA-guaranteed amount
$630,000 (75% of the approval)
Lender
Wallis Bank, Wallis, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
November 7, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,339 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Mills County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 16% 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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Same industry in Texas