Main Street Registry

B&R Petroleum LLC

Mchenry, IL · Gasoline Stations with Convenience Stores · NAICS 457110

B&R Petroleum LLC is a gasoline station with convenience store business located in McHenry, Illinois. It was financed with an SBA 7(a) loan for a change of ownership totaling $2.4 million, approved by Byline Bank on February 11, 2025.

SBA 7(a) loan, change of ownership, approved Feb 11, 2025

$2,400,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,400,000
SBA-guaranteed amount
$1,800,000 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
February 11, 2050 (estimated, approval date plus term)
Estimated monthly payment
$21,387 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Mchenry County, IL
SBA district office
Illinois District Office
Congressional district
IL-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • Average acquisition loan in Illinois: $1,796,780.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Illinois