National 3 Oil LLC
National 3 Oil LLC is a gasoline station with convenience store business in Milwaukee, Wisconsin, operating under the NAICS industry description Gasoline Stations with Convenience Stores. The company was financed with an SBA 7(a) loan for a change of ownership of $1,054,000, approved by East West Bank on April 6, 2026.
SBA 7(a) loan, change of ownership, approved Apr 6, 2026
$1,054,000 approvedLender: East West Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,054,000
- SBA-guaranteed amount
- $790,500 (75% of the approval)
- Lender
- East West Bank, Pasadena, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 6, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $8,135 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 24, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Meffert's Oil - Branded Dealer Supply Agreement
- Project location
- Milwaukee County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% 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 Wisconsin: $1,729,230.
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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