How risky is A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac?

A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac has 5 SBA loans on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.

A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac SBA Intelligence: Real Cost, Rates & Failure Rate

Q: How much does a A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac cost to buy or open?

The typical deal for A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac is $2.1M across 5 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $226K of buyer cash on a typical deal.

Q: Can I finance a A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac with an SBA loan?

Yes — A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac has been SBA-financed 0 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.

Recent financings

655 Patrick Mill LLC in Winder, GA — $2.7M (2024) · Georgia's Own Credit Union

Program: Preferred Lenders Program
Rate at approval: 9.5% variable
Term: 312 mo (26 yrs)
SBA guaranteed: $2.0M (75%)
Approval → funding: 125 days
Approved: 2/29/2024
First disbursed: 7/3/2024
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 5
Business age: Startup, Loan Funds will Open Business
Industry: Gasoline Stations with Convenience Stores

Funded by Georgia's Own Credit Union · Lender record →

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Sundes, LLC in Jasper, GA — $2.1M (2022) · First National Community Bank

Program: 7a General
Rate at approval: 4.75% variable
Term: 300 mo (25 yrs)
SBA guaranteed: $1.5M (75%)
Approval → funding: 10 days
Approved: 1/24/2022
First disbursed: 2/3/2022
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Jobs supported: 3

Diamond Food and Gas in Woodstock, GA — $1.2M (2021) · SouthState Bank, National Association

Program: Preferred Lenders Program
Rate at approval: 4.75% variable
Term: 240 mo (20 yrs)
SBA guaranteed: $889K (75%)
Approval → funding: 5 days
Approved: 11/25/2020
First disbursed: 11/30/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market

Shree Hari Krishna 108 LLC in Blue Ridge, GA — $774K (2021) · Embassy National Bank

Program: Preferred Lenders Program
Rate at approval: 5.25% variable
Term: 300 mo (25 yrs)
SBA guaranteed: $581K (75%)
Approval → funding: 4 days
Approved: 12/7/2020
First disbursed: 12/11/2020
Loan status: Current
Loan type: Term loan
Collateral: Required
Business type: Corporation
Secondary market

Diamond Trade LLC in Kennesaw, GA — $2.1M (2020) · HomeTrust Bank

Program: Preferred Lenders Program
Rate at approval: 6% variable
Term: 240 mo (20 yrs)
SBA guaranteed: $1.6M (75%)
Approval → funding: 89 days
Approved: 12/2/2019
First disbursed: 2/29/2020
Loan status: Current
Loan type: Term loan
Collateral: Not required
Business type: Corporation
Jobs supported: 4

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac, by the numbers

Recent financings

Who funds A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac — and where

Common questions

How much does a A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac cost to buy or open?

How risky is A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac?

Can I finance a A.R. Brooks Enterprises, Inc dba Lance Oil Company - Contrac with an SBA loan?

AI summary

Agent summary