Main Street Registry

Raceway Car Wash Fox Lake

Fox Lake, IL · Car Washes · NAICS 811192

Raceway Car Wash Fox Lake is a car wash business in Fox Lake, Illinois, classified under NAICS code 811192 (Car Washes). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,559,000, approved on May 15, 2026, through Byline Bank and SomerCor 504, Inc.

SBA 504 loan, approved May 15, 2026

$1,559,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,559,000
Bank portion
$1,800,000
Estimated project size
$3,732,222 (estimated)
Estimated owner equity
$373,222 (estimated, about 10% of the project)
Bank lender
Byline Bank, Chicago, IL
CDC
SomerCor 504, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
May 15, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
1
Business type
Corporation
NAICS
811192, Car Washes
Project location
Lake County, IL
SBA district office
Illinois District Office
Congressional district
IL-10
Collateral
Yes

Estimated share of project by source

Bank 48% SBA (CDC) 42% Owner 10%

  • Larger than 41% of expansion loans in Car Washes on this site.
  • Average expansion loan in Car Washes: $1,994,962.
  • 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