Main Street Registry

Ridgeway Petroleum, Inc.

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

Ridgeway Petroleum, Inc. is located in Braidwood, IL, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 504 loan ($3,921,000 SBA portion) on September 9, 2025 to finance real estate or equipment.

SBA 504 loan, approved Sep 9, 2025

SBA (CDC) portion
$3,921,000
Bank portion
$9,442,000
Estimated project size
$14,847,778 (estimated)
Estimated owner equity
$1,484,778 (estimated, about 10% of the project)
Bank lender
Peoples Bank, Munster, IN
CDC
Regional Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 9, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
15
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Exxon-Mobil Oil Corporation - PMPA Franchise Agreement (Global Companies LLC Assignment )
Project location
Will County, IL
SBA district office
Illinois District Office
Congressional district
IL-16
Collateral
Yes

Estimated share of project by source

Bank 64% SBA (CDC) 26% Owner 10%

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois