Main Street Registry

Starline Express & Food Mart Inc

Chattahoochee, FL · Gasoline Stations with Convenience Stores · NAICS 457110

Starline Express & Food Mart Inc, located in Chattahoochee, Florida, operates in the gasoline stations with convenience stores industry. The business was financed with an SBA 7(a) loan for a change of ownership of $2 million, provided by PromiseOne Bank and approved on September 26, 2025.

SBA 7(a) loan, change of ownership, approved Sep 26, 2025

$2,000,000 approvedLender: PromiseOne Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,000,000
SBA-guaranteed amount
$1,500,000 (75% of the approval)
Lender
PromiseOne Bank, Duluth, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
September 26, 2050 (estimated, approval date plus term)
Estimated monthly payment
$16,105 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Gadsden County, FL
SBA district office
North Florida District Office
Congressional district
FL-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 55% 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 Florida: $1,808,559.

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 Florida