Main Street Registry

Pic N Tote Midland LLC

Fort Smith, AR · Gasoline Stations with Convenience Stores · NAICS 457110

Pic N Tote Midland LLC, located in Fort Smith, Arkansas, operates in the gasoline stations with convenience stores industry (NAICS 457110). The company was financed with an SBA 7(a) loan for a change of ownership of $3,796,000, with T Bank, National Association as the lender, and the loan was approved on November 5, 2024.

SBA 7(a) loan, change of ownership, approved Nov 5, 2024

$3,796,000 approvedLender: T Bank, National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,796,000
SBA-guaranteed amount
$2,847,000 (75% of the approval)
Lender
T Bank, National Association, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
November 5, 2049 (estimated, approval date plus term)
Estimated monthly payment
$33,166 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 9, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Sebastian County, AR
SBA district office
Arkansas District Office
Congressional district
AR-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 85% 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 Arkansas: $2,003,702.

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 Arkansas