Main Street Registry

Sheikh and Ekam LLC

Seaside, OR · Gasoline Stations with Convenience Stores · NAICS 457110

Sheikh and Ekam LLC is a gasoline station with convenience store business in Seaside, Oregon, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership, approved on February 17, 2026, in the amount of $5 million through PCB Bank. The loan is reported with 12 jobs and is associated with a branded franchise agreement with Wilson Oil, Inc.

SBA 7(a) loan, change of ownership, approved Feb 17, 2026

$5,000,000 approvedLender: PCB Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
PCB 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
February 17, 2051 (estimated, approval date plus term)
Estimated monthly payment
$37,766 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 25, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Wilson Oil, Inc. Contract of Sale (Branded) Dealer Operating Agreement
Project location
Clatsop County, OR
SBA district office
Portland District Office
Congressional district
OR-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 94% 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 Oregon: $1,946,167.

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 Oregon