Main Street Registry

Sggf Gas and Food LLC

Schiller Park, IL · Gasoline Stations with Convenience Stores · NAICS 457110

Sggf Gas and Food LLC is a gasoline station with convenience store business located in Schiller Park, 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 $1,232,400, approved by Merchants Bank of Indiana on December 12, 2024.

SBA 7(a) loan, change of ownership, approved Dec 12, 2024

$1,232,400 approvedLender: Merchants Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,232,400
SBA-guaranteed amount
$924,300 (75% of the approval)
Lender
Merchants Bank of Indiana, Carmel, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
December 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,767 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 29% 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