Main Street Registry

Mobil Jarupa Gas and Mini Market

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

Mobil Jarupa Gas and Mini Market is a gasoline station with convenience store located in Riverside, CA, in the gasoline stations with convenience stores industry. The company was financed with an SBA 7(a) loan for a change of ownership of $525,000, with Open Bank as the lender and approval dated May 11, 2024.

SBA 7(a) loan, change of ownership, approved May 11, 2024

$525,000 approvedLender: Open Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$525,000
SBA-guaranteed amount
$393,750 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
May 11, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,084 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Circle K Stores, Inc. (Multi Brands) Complete Contract of Sale Branded (Branded-Reseller)
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-35
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 2% 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 California: $1,688,228.

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