Main Street Registry

SD Travel Center LLC

Peever, SD · Gasoline Stations with Convenience Stores · NAICS 457110

SD Travel Center LLC, located in Peever, South Dakota, operates in the gasoline stations with convenience stores industry (NAICS 457110). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $707,500, approved on September 9, 2024, through Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Sep 9, 2024

$707,500 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$707,500
SBA-guaranteed amount
$530,625 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
September 9, 2049 (estimated, approval date plus term)
Estimated monthly payment
$6,305 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Roberts County, SD
SBA district office
South Dakota District Office
Congressional district
SD-00
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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 South Dakota: $1,631,547.

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 South Dakota