Sun Pacific Energy Inc resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 6 7(a) loans to buy an existing business operating under a Sun Pacific Energy Inc brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $18.3M. The median loan was $2,701,500, 319% higher than the $645,250 median for all SBA-financed acquisitions.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Sun Pacific Energy Inc resale loans landed between $2,590,750 and $2,892,500.
- Lender experience exists. UniBank alone has financed 2 Sun Pacific Energy Inc resales.
- Guaranty. The SBA guaranteed 79% 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 Sun Pacific Energy Inc resale
The median SBA 7(a) loan for a Sun Pacific Energy Inc resale was $2,701,500 across 6 loans (FY2018 to FY2026). UniBank, PCB Bank and Hanmi Bank have financed the most Sun Pacific Energy Inc 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%.
Sun Pacific Energy Inc acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $2.9M | $2,940,000 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 2 | $7.8M | $3,875,000 | |
| FY2021 | 2 | $5.1M | $2,541,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 1 | $2.6M | $2,570,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Sun Pacific Energy Inc 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 Sun Pacific Energy Inc resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | UniBank | 2 | 33.3% | $7.8M | |
| 2 | PCB Bank | 2 | 33.3% | $5.4M | |
| 3 | Hanmi Bank | 1 | 16.7% | $2.7M | |
| 4 | Bank of Hope | 1 | 16.7% | $2.6M |
States where Sun Pacific Energy Inc units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 6 | 100.0% | $18.3M |
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 Sun Pacific Energy Inc brand or supply agreement?
The median SBA 7(a) loan for a Sun Pacific Energy Inc resale was $2,701,500 across 6 loans (FY2018 to FY2026). The middle half of loans ran from $2,590,750 to $2,892,500. 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 Sun Pacific Energy Inc acquisitions?
UniBank has made the most SBA acquisition loans for Sun Pacific Energy Inc (2, 33% of the total). PCB Bank, Hanmi Bank, Bank of Hope follow.
What interest rate and term do Sun Pacific Energy Inc acquisition loans carry?
The average initial rate at approval was 5.62% (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 Sun Pacific Energy Inc resale riskier than other SBA-financed acquisitions?
Too few Sun Pacific Energy Inc 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 Sun Pacific Energy Inc units being bought with SBA loans?
Washington (6). 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
- Washington acquisitions
- UniBank
- PCB Bank
- Hanmi Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Sun Pacific Energy Inc - Shell Branded Supply Agreement" (franchise code S2920). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.