Wilson Oil resales: SBA acquisition loan data
Since FY2018, SBA lenders have approved 20 7(a) loans to buy an existing business operating under a Wilson Oil brand or supply agreement (classified mostly as Gasoline Stations with Convenience Stores), totaling $46.6M. The median loan was $1,938,500, 200% higher than the $645,250 median for all SBA-financed acquisitions. 3 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 Wilson Oil resale loans landed between $1,493,425 and $2,578,250.
- Lender experience exists. Hanmi Bank alone has financed 4 Wilson Oil 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 a Wilson Oil resale
The median SBA 7(a) loan for a Wilson Oil resale was $1,938,500 across 20 loans (FY2018 to FY2026). Hanmi Bank, Celtic Bank Corporation and UniBank have financed the most Wilson Oil 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%.
Wilson Oil acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 2 | $5.5M | $2,745,000 | |
| FY2020 | 7 | $10.7M | $1,542,500 | |
| FY2021 | 1 | $1.9M | $1,890,000 | |
| FY2022 | 3 | $8.7M | $2,160,000 | |
| FY2023 | 1 | $2.2M | $2,238,000 | |
| FY2024 | 3 | $5.3M | $1,631,500 | |
| FY2025 | 1 | $3.1M | $3,068,000 | |
| FY2026 | 2 | $9.2M | $4,615,000 |
How often do these acquisition loans fail?
Fewer than 20 Wilson Oil 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 Wilson Oil resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hanmi Bank | 4 | 20.0% | $7.4M | |
| 2 | Celtic Bank Corporation | 3 | 15.0% | $8.9M | |
| 3 | UniBank | 3 | 15.0% | $6.7M | |
| 4 | Readycap Lending, LLC | 3 | 15.0% | $6M | |
| 5 | Open Bank | 2 | 10.0% | $5.8M | |
| 6 | VelocitySBA, LLC | 2 | 10.0% | $3.8M | |
| 7 | Bank of Hope | 2 | 10.0% | $3M | |
| 8 | PCB Bank | 1 | 5.0% | $5M |
States where Wilson Oil units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Washington | 18 | 90.0% | $36.6M | |
| 2 | Oregon | 2 | 10.0% | $10M |
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 Wilson Oil brand or supply agreement?
The median SBA 7(a) loan for a Wilson Oil resale was $1,938,500 across 20 loans (FY2018 to FY2026). The middle half of loans ran from $1,493,425 to $2,578,250. 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 Wilson Oil acquisitions?
Hanmi Bank has made the most SBA acquisition loans for Wilson Oil (4, 20% of the total). Celtic Bank Corporation, UniBank, Readycap Lending, LLC follow.
What interest rate and term do Wilson Oil acquisition loans carry?
The average initial rate at approval was 6.92% (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 Wilson Oil resale riskier than other SBA-financed acquisitions?
Too few Wilson Oil 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 Wilson Oil units being bought with SBA loans?
Washington (18), Oregon (2). 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
- Oregon acquisitions
- Hanmi Bank
- Celtic Bank Corporation
- UniBank
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Wilson Oil, Inc. Contract of Sale (Branded) Dealer Operating Agreement" (franchise code S3307). Figures are aggregates of public SBA data and are not provided or endorsed by the brand owner or supplier.