J.F. Presley Oil Company (Phillips 66) resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 5 7(a) loans to buy an existing business operating under a J.F. Presley Oil Company (Phillips 66) brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $6.7M. The median loan was $1,196,000, 85% higher than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of J.F. Presley Oil Company (Phillips 66) resale loans landed between $880,000 and $1,720,000.
- Lender experience exists. Southwestern National Bank alone has financed 2 J.F. Presley Oil Company (Phillips 66) resales.
- Guaranty. The SBA guaranteed 80% 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 a J.F. Presley Oil Company (Phillips 66) resale
The median SBA 7(a) loan for a J.F. Presley Oil Company (Phillips 66) resale was $1,196,000 across 5 loans (FY2018 to FY2026). Southwestern National Bank, Midwest Regional Bank and PromiseOne Bank have financed the most J.F. Presley Oil Company (Phillips 66) 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%.
J.F. Presley Oil Company (Phillips 66) acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 1 | $2.1M | $2,050,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 2 | $2M | $1,014,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 2 | $2.6M | $1,300,000 |
How often do these acquisition loans fail?
Fewer than 20 J.F. Presley Oil Company (Phillips 66) 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.
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Lenders financing J.F. Presley Oil Company (Phillips 66) resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Southwestern National Bank | 2 | 40.0% | $2.6M | |
| 2 | Midwest Regional Bank | 2 | 40.0% | $2M | |
| 3 | PromiseOne Bank | 1 | 20.0% | $2.1M |
States where J.F. Presley Oil Company (Phillips 66) units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 5 | 100.0% | $6.7M |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do buyers borrow to buy a business operating under a J.F. Presley Oil Company (Phillips 66) brand or supply agreement?
The median SBA 7(a) loan for a J.F. Presley Oil Company (Phillips 66) resale was $1,196,000 across 5 loans (FY2018 to FY2026). The middle half of loans ran from $880,000 to $1,720,000. 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 J.F. Presley Oil Company (Phillips 66) acquisitions?
Southwestern National Bank has made the most SBA acquisition loans for J.F. Presley Oil Company (Phillips 66) (2, 40% of the total). Midwest Regional Bank, PromiseOne Bank follow.
What interest rate and term do J.F. Presley Oil Company (Phillips 66) acquisition loans carry?
The average initial rate at approval was 6.85% (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 a J.F. Presley Oil Company (Phillips 66) resale riskier than other SBA-financed acquisitions?
Too few J.F. Presley Oil Company (Phillips 66) 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 J.F. Presley Oil Company (Phillips 66) units being bought with SBA loans?
Texas (5). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
The purchase agreement decides what you bought, not the loan approval.
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Related
- All Gasoline Stations with Convenience Stores acquisitions
- Texas acquisitions
- Southwestern National Bank
- Midwest Regional Bank
- PromiseOne Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "J.F. Presley Oil Company (Phillips 66) Motor Fuel Supply Agreement" (franchise code S4302). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.