Main Street Registry

St Monica Oil Inc.

Bakersfield, CA · Gasoline Stations with Convenience Stores · NAICS 457110

St Monica Oil Inc. is a gasoline station with convenience store business in Bakersfield, California, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1 million approved by PCB Bank on July 16, 2024.

SBA 7(a) loan, change of ownership, approved Jul 16, 2024

$1,000,000 approvedLender: PCB Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$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
9.5%, variable
Term
25 years (300 months)
Estimated maturity
July 16, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,737 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 28, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Kern County, CA
SBA district office
Fresno District Office
Congressional district
CA-21
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 21% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California