Ed Staubs & Sons Petroleum (Multi-brands) resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing business operating under a Ed Staubs & Sons Petroleum (Multi-brands) brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $20.8M. The median loan was $1,655,000, 156% higher than the $645,250 median for all SBA-financed acquisitions. 3 of these loans were approved in the last two fiscal years.
Terms signed in the LOI shape the purchase agreement that follows.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Ed Staubs & Sons Petroleum (Multi-brands) resale loans landed between $554,950 and $3,215,000.
- Lender experience exists. Open Bank alone has financed 5 Ed Staubs & Sons Petroleum (Multi-brands) resales.
- Guaranty. The SBA guaranteed 75% of the dollars lent here.
- What the file leaves out. The SBA file does not record the terms of the brand or supply agreement.
Financing an Ed Staubs & Sons Petroleum (Multi-brands) resale
The median SBA 7(a) loan for an Ed Staubs & Sons Petroleum (Multi-brands) resale was $1,655,000 across 11 loans (FY2018 to FY2026). Open Bank, Readycap Lending, LLC and US Metro Bank have financed the most Ed Staubs & Sons Petroleum (Multi-brands) resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Ed Staubs & Sons Petroleum (Multi-brands) acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $1.1M | $554,950 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $2.8M | $2,800,000 | |
| FY2021 | 1 | $224K | $224,200 | |
| FY2022 | 2 | $5.8M | $2,887,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $5.3M | $2,650,250 | |
| FY2025 | 1 | $4M | $3,950,000 | |
| FY2026 | 2 | $1.6M | $815,000 |
How often do these acquisition loans fail?
Fewer than 20 Ed Staubs & Sons Petroleum (Multi-brands) acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing Ed Staubs & Sons Petroleum (Multi-brands) resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Open Bank | 5 | 45.5% | $9.3M | |
| 2 | Readycap Lending, LLC | 2 | 18.2% | $5.3M | |
| 3 | US Metro Bank | 1 | 9.1% | $4M | |
| 4 | Southwestern National Bank | 1 | 9.1% | $1.3M | |
| 5 | First Bank | 1 | 9.1% | $690K | |
| 6 | Hanmi Bank | 1 | 9.1% | $224K |
States where Ed Staubs & Sons Petroleum (Multi-brands) units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Oregon | 4 | 36.4% | $8.4M | |
| 2 | California | 3 | 27.3% | $8.4M | |
| 3 | Washington | 2 | 18.2% | $1.5M | |
| 4 | Nevada | 1 | 9.1% | $2.1M | |
| 5 | Arizona | 1 | 9.1% | $350K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
How lenders classify Ed Staubs & Sons Petroleum (Multi-brands)
Lenders code each loan to a NAICS industry. For Ed Staubs & Sons Petroleum (Multi-brands) the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Gasoline Stations with Convenience Stores | 10 | 90.9% | $20.1M | |
| 2 | All Other Traveler Accommodation | 1 | 9.1% | $690K |
Questions buyers ask
How much do buyers borrow to buy a business operating under a Ed Staubs & Sons Petroleum (Multi-brands) brand or supply agreement?
The median SBA 7(a) loan for an Ed Staubs & Sons Petroleum (Multi-brands) resale was $1,655,000 across 11 loans (FY2018 to FY2026). The middle half of loans ran from $554,950 to $3,215,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Ed Staubs & Sons Petroleum (Multi-brands) acquisitions?
Open Bank has made the most SBA acquisition loans for Ed Staubs & Sons Petroleum (Multi-brands) (5, 45% of the total). Readycap Lending, LLC, US Metro Bank, Southwestern National Bank follow.
What interest rate and term do Ed Staubs & Sons Petroleum (Multi-brands) acquisition loans carry?
The average initial rate at approval was 7.34% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is an Ed Staubs & Sons Petroleum (Multi-brands) resale riskier than other SBA-financed acquisitions?
Too few Ed Staubs & Sons Petroleum (Multi-brands) acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Ed Staubs & Sons Petroleum (Multi-brands) units being bought with SBA loans?
Oregon (4), California (3), Washington (2), Nevada (1), Arizona (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
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Related
- All Gasoline Stations with Convenience Stores acquisitions
- Oregon acquisitions
- California acquisitions
- Washington acquisitions
- Open Bank
- Readycap Lending, LLC
- US Metro Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Ed Staubs & Sons Petroleum (Multi-brands) Retail Product Sales Agreement" (franchise code S2520). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.