Main Street Registry

SPS Market 1 LLC

Whiteface, TX · Gasoline Stations with Convenience Stores · NAICS 457110

SPS Market 1 LLC is a gasoline station with convenience store business in Whiteface, Texas, classified under NAICS 457110. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $530,000, approved on September 18, 2024 by lender Pathward National Association.

SBA 7(a) loan, change of ownership, approved Sep 18, 2024

$530,000 approvedLender: Pathward National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$530,000
SBA-guaranteed amount
$397,500 (75% of the approval)
Lender
Pathward National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
25 years (300 months)
Estimated maturity
September 18, 2049 (estimated, approval date plus term)
Estimated monthly payment
$5,195 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Cochran County, TX
SBA district office
Lubbock District Office
Congressional district
TX-19
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 2% 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 Texas: $1,944,682.

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 Texas