U.S. Oil (Mobil) resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 12 7(a) loans to buy an existing business operating under a U.S. Oil (Mobil) brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $17.4M. The median loan was $1,499,100, 132% 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 U.S. Oil (Mobil) resale loans landed between $893,875 and $1,885,000.
- Lender experience exists. Bank Five Nine alone has financed 3 U.S. Oil (Mobil) 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 U.S. Oil (Mobil) resale
The median SBA 7(a) loan for a U.S. Oil (Mobil) resale was $1,499,100 across 12 loans (FY2018 to FY2026). Bank Five Nine, Celtic Bank Corporation and The Huntington National Bank have financed the most U.S. Oil (Mobil) 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%.
U.S. Oil (Mobil) acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $2.6M | $1,321,000 | |
| FY2019 | 5 | $7.2M | $1,840,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 3 | $4.3M | $1,601,200 | |
| FY2022 | 2 | $3.3M | $1,660,000 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 U.S. Oil (Mobil) 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 U.S. Oil (Mobil) resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bank Five Nine | 3 | 25.0% | $4.7M | |
| 2 | Celtic Bank Corporation | 3 | 25.0% | $4.3M | |
| 3 | The Huntington National Bank | 3 | 25.0% | $3.2M | |
| 4 | Byline Bank | 2 | 16.7% | $3.3M | |
| 5 | Ameris Bank | 1 | 8.3% | $1.9M |
States where U.S. Oil (Mobil) units are bought
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Questions buyers ask
How much do buyers borrow to buy a business operating under a U.S. Oil (Mobil) brand or supply agreement?
The median SBA 7(a) loan for a U.S. Oil (Mobil) resale was $1,499,100 across 12 loans (FY2018 to FY2026). The middle half of loans ran from $893,875 to $1,885,000. 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 U.S. Oil (Mobil) acquisitions?
Bank Five Nine has made the most SBA acquisition loans for U.S. Oil (Mobil) (3, 25% of the total). Celtic Bank Corporation, The Huntington National Bank, Byline Bank follow.
What interest rate and term do U.S. Oil (Mobil) acquisition loans carry?
The average initial rate at approval was 6.56% (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 U.S. Oil (Mobil) resale riskier than other SBA-financed acquisitions?
Too few U.S. Oil (Mobil) 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 U.S. Oil (Mobil) units being bought with SBA loans?
Ohio (4), Wisconsin (4), Illinois (3), Indiana (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.
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Related
- All Gasoline Stations with Convenience Stores acquisitions
- Ohio acquisitions
- Wisconsin acquisitions
- Illinois acquisitions
- Bank Five Nine
- Celtic Bank Corporation
- The Huntington National Bank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "U.S. Oil (Mobil) Retailer Supply Agreement" (franchise code S2801). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.