Ontario Gasoline LLC
Ontario Gasoline LLC is located in Ontario, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $2,710,000 for a change of ownership on March 24, 2026.
SBA 7(a) loan, change of ownership, approved Mar 24, 2026
- Gross approval
- $2,710,000
- SBA-guaranteed amount
- $2,032,500 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 24, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $20,469 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Boyett Petroleum - (Sinclair) Branded License Agreement
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-31
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 71% 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
- Hemet Plaza Inc, Hemet
- Hydesville Petroleum Inc., Hydesville
- SMP Chino, Chino
- SNJ Kwik Stop, Shafter
- Fuel Hub Inc, San Bernardino
- Premier Gas 3 LLC, Agoura Hills
- Arrowhead Fuel LLC, Lake Arrowhead
- More for Less, Red Bluff