Main Street Registry

Whoa N Go Services 1 LLC

Swansea, IL · Limited-Service Restaurants · NAICS 722513

Whoa N Go Services 1 LLC, located in Swansea, Illinois, operates in the limited-service restaurants industry (NAICS 722513) and is a Scooter's Coffee franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $2.9 million, approved by Beacon Bank and Trust on July 3, 2025.

SBA 7(a) loan, change of ownership, approved Jul 3, 2025

$2,851,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,851,000
SBA-guaranteed amount
$2,138,250 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
July 3, 2050 (estimated, approval date plus term)
Estimated monthly payment
$24,415 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Scooter's Coffee
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 92% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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