Moraviageneralstore Inc
Moraviageneralstore Inc is a gasoline station with convenience store business in Moravia, Iowa, classified under NAICS 457110. The company was financed with an SBA 7(a) loan for a change of ownership, approved on August 24, 2026 by Byline Bank, in the amount of $1,755,000, and the loan is reported with 12 jobs and a franchise agreement with Elliott Oil Company (BP).
SBA 7(a) loan, change of ownership, approved Aug 24, 2026
$1,755,000 approvedLender: Byline Bank25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,755,000
- SBA-guaranteed amount
- $1,316,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 24, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $14,728 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Elliott Oil Company (BP) BP Marketing & Supply Agreement
- Project location
- Appanoose County, IA
- SBA district office
- Des Moines District Office
- Congressional district
- IA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 48% 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 Iowa: $1,701,244.
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 Iowa
- Vinton Express, Vinton