Main Street Registry

Wali Group of Companies LTD

League City, TX · Gasoline Stations with Convenience Stores · NAICS 457110

Wali Group of Companies LTD is a gasoline station with convenience store business located in League City, Texas. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3 million approved on March 14, 2025, through Plains State Bank. The loan lists 4 jobs.

SBA 7(a) loan, change of ownership, approved Mar 14, 2025

$3,000,000 approvedLender: Plains State Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,000,000
SBA-guaranteed amount
$2,250,000 (75% of the approval)
Lender
Plains State Bank, Humble, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
March 14, 2050 (estimated, approval date plus term)
Estimated monthly payment
$25,176 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 27, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Galveston County, TX
SBA district office
Houston District Office
Congressional district
TX-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% 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