Main Street Registry

West Point Deli Plus

Lansdale, PA · Gasoline Stations with Convenience Stores · NAICS 457110

West Point Deli Plus is a gasoline station with convenience store business in Lansdale, PA, classified under NAICS code 457110. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,491,300, from Mission Valley Bank with an approval date of September 6, 2024. The loan lists 25 jobs and a U.S. Oil (Multi Branded) Retailer Supply Agreement as a franchise affiliation.

SBA 7(a) loan, change of ownership, approved Sep 6, 2024

$3,491,300 approvedLender: Mission Valley Bank16 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,491,300
SBA-guaranteed amount
$2,618,475 (75% of the approval)
Lender
Mission Valley Bank, Sun Valley, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
16 years (192 months)
Estimated maturity
September 6, 2040 (estimated, approval date plus term)
Estimated monthly payment
$35,974 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 25, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
U.S. Oil (Multi Branded) Retailer Supply Agreement
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 81% 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 Pennsylvania: $1,636,965.

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 Pennsylvania