Main Street Registry

Dharni Realty Group LLC

Lake Villa, IL · Gasoline Stations with Convenience Stores · NAICS 457110

Dharni Realty Group LLC, located in Lake Villa, Illinois, operates in the gasoline stations with convenience stores industry (NAICS 457110). The company financed real estate or equipment through an SBA 504 loan of $1,444,000 approved on February 4, 2025, with State Bank of the Lakes, National Association as the lending bank and SomerCor 504, Inc. as the certified development company.

SBA 504 loan, approved Feb 4, 2025

$1,444,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,444,000
Bank portion
$2,350,776
Estimated project size
$4,216,418 (estimated)
Estimated owner equity
$421,642 (estimated, about 10% of the project)
Bank lender
State Bank of the Lakes, National Association, Antioch, IL
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 4, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
U.S. Oil (Mobil) Retailer Supply Agreement
Project location
Lake County, IL
SBA district office
Illinois District Office
Congressional district
IL-10
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 32% of expansion loans in Gasoline Stations with Convenience Stores on this site.
  • Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
  • Average expansion loan in Illinois: $2,310,827.

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