Empire Petroleum Partners resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 8 7(a) loans to buy an existing business operating under a Empire Petroleum Partners brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $12.7M. The median loan was $1,235,500, 91% higher than the $645,250 median for all SBA-financed acquisitions.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Empire Petroleum Partners resale loans landed between $1,015,750 and $1,879,250.
- Lender experience exists. Metro City Bank alone has financed 2 Empire Petroleum Partners resales.
- Guaranty. The SBA guaranteed 77% 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 Empire Petroleum Partners resale
The median SBA 7(a) loan for an Empire Petroleum Partners resale was $1,235,500 across 8 loans (FY2018 to FY2026). Metro City Bank, PCB Bank and Celtic Bank Corporation have financed the most Empire Petroleum Partners 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%.
Empire Petroleum Partners acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $1.1M | $1,060,000 | |
| FY2019 | 2 | $2.3M | $1,162,000 | |
| FY2020 | 3 | $6.1M | $1,792,000 | |
| FY2021 | 1 | $2.1M | $2,141,000 | |
| FY2022 | 1 | $1.1M | $1,050,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Empire Petroleum Partners 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Lenders financing Empire Petroleum Partners resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Metro City Bank | 2 | 25.0% | $5.3M | |
| 2 | PCB Bank | 2 | 25.0% | $2.3M | |
| 3 | Celtic Bank Corporation | 1 | 12.5% | $2.1M | |
| 4 | Home Bank, National Association | 1 | 12.5% | $1.1M | |
| 5 | American Continental Bank | 1 | 12.5% | $1.1M | |
| 6 | Southwestern National Bank | 1 | 12.5% | $864K |
States where Empire Petroleum Partners units are bought
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Questions buyers ask
How much do buyers borrow to buy a business operating under a Empire Petroleum Partners brand or supply agreement?
The median SBA 7(a) loan for an Empire Petroleum Partners resale was $1,235,500 across 8 loans (FY2018 to FY2026). The middle half of loans ran from $1,015,750 to $1,879,250. 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 Empire Petroleum Partners acquisitions?
Metro City Bank has made the most SBA acquisition loans for Empire Petroleum Partners (2, 25% of the total). PCB Bank, Celtic Bank Corporation, Home Bank, National Association follow.
What interest rate and term do Empire Petroleum Partners acquisition loans carry?
The average initial rate at approval was 5.59% (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 Empire Petroleum Partners resale riskier than other SBA-financed acquisitions?
Too few Empire Petroleum Partners 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 Empire Petroleum Partners units being bought with SBA loans?
Texas (7), Oklahoma (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.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Gasoline Stations with Convenience Stores acquisitions
- Texas acquisitions
- Oklahoma acquisitions
- Metro City Bank
- PCB Bank
- Celtic Bank Corporation
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Empire Petroleum Partners - Petroleum Products Supply Agreement" (franchise code S3050). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.