Sommers Oil Company - Petroleum Supply Contract
3
SBA Loans
$3.6M
Total Financed
$1.2M
Avg Loan Size
—
YoY Loan Growth
How Sommers Oil Company - Petroleum Supply Contract Compares
- Ranks #102 of 265 Convenience & Gas brands by SBA loan count (#1,796 of 3,543 overall).
- Its average loan of $1.2M is 9% below the Convenience & Gas median of $1.3M.
- With only 3 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Convenience & Gas brands overall see a 0.3% charge-off rate across 1,120 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2021 | 1 | $1.4M |
| FY2022 | 1 | $1.1M |
| FY2023 | 1 | $1.1M |
FY2023 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where Sommers Oil Company - Petroleum Supply Contract Is Getting SBA-Financed
Recent SBA-Financed Sommers Oil Company - Petroleum Supply Contract Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is Sommers Oil Company - Petroleum Supply Contract growing or shrinking?
Sommers Oil Company - Petroleum Supply Contract doesn't have enough SBA loan activity in both FY2022 and FY2023 to calculate a reliable year-over-year trend. For context, it ranks #102 of 265 Convenience & Gas brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a Sommers Oil Company - Petroleum Supply Contract franchise?
We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $1.2M (9% below the typical Convenience & Gas brand's $1.3M) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for Sommers Oil Company - Petroleum Supply Contract?
Sommers Oil Company - Petroleum Supply Contract only has 3 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Convenience & Gas brands overall see a 0.3% charge-off rate across 1,120 loans.
Top SBA Lenders
- Coastal States Bank1
- Centerstone SBA Lending, Inc.1
- Truliant FCU1
Get the Franchise SBA Financing Model -- an editable amortization, P&L, and breakeven calculator. $19.
Source: SBA 7(a) FOIA loan dataset. View dataset