Panama Food Mart
Panama Food Mart is located in Bakersfield, CA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 504 loan ($2,465,000 SBA portion) on April 18, 2025 to finance real estate or equipment.
SBA 504 loan, approved Apr 18, 2025
- SBA (CDC) portion
- $2,465,000
- Bank portion
- $3,438,830
- Estimated project size
- $6,559,811 (estimated)
- Estimated owner equity
- $655,981 (estimated, about 10% of the project)
- Bank lender
- East West Bank, Pasadena, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 18, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- AM/PM Mini-Mart Agreement - ARCO Fuel - Contract Dealer Gasoline Agreement (BP West Coast Products)
- Project location
- Kern County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-21
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 80% of expansion loans in Gasoline Stations with Convenience Stores on this site.
- Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
- Average expansion loan in California: $2,161,468.
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