Main Street Registry

Marathon Crystal Lake

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

Marathon Crystal Lake is a gasoline station with a convenience store in McHenry, Illinois, in the industry of gasoline stations with convenience stores. The business was financed with an SBA 7(a) loan for a change of ownership of $1,270,000, approved on March 7, 2024 by Centerstone SBA Lending, Inc.

SBA 7(a) loan, change of ownership, approved Mar 7, 2024

$1,270,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,270,000
SBA-guaranteed amount
$952,500 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
March 7, 2049 (estimated, approval date plus term)
Estimated monthly payment
$11,765 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Lehigh Gas Wholesale LLC (Multi Brand) Fuel Supply Agreement
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 30% 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