Main Street Registry

Prem Investments Inc.

East Saint Louis, IL · Gasoline Stations with Convenience Stores · NAICS 457110

Prem Investments Inc. is a gasoline station with convenience store business in East Saint Louis, Illinois, in the NAICS category for gasoline stations with convenience stores. The company was financed with an SBA 7(a) loan for a change of ownership of $1.35 million, approved by Byline Bank on November 18, 2024.

SBA 7(a) loan, change of ownership, approved Nov 18, 2024

$1,350,000 approvedLender: Byline Bank15 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,350,000
SBA-guaranteed amount
$1,012,500 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
15 years (180 months)
Estimated maturity
November 18, 2039 (estimated, approval date plus term)
Estimated monthly payment
$15,133 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
J.D. Street& Company (Distributors ZX) Sales Agreement
Project location
Saint Clair County, IL
SBA district office
Illinois District Office
Congressional district
IL-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 33% 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