Main Street Registry

Lucky#7 Food Store

Bakersfield, CA · Gasoline Stations with Convenience Stores · NAICS 457110

Lucky#7 Food Store is located in Bakersfield, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on April 2, 2025.

SBA 7(a) loan, change of ownership, approved Apr 2, 2025

Gross approval
$5,000,000
SBA-guaranteed amount
$3,085,000 (62% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
April 2, 2050 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Sullivan Petroleum Company, LLC (Chevron) Retailer Petroleum Products Agreement
Project location
Kern County, CA
SBA district office
Fresno District Office
Congressional district
CA-21
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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