AAA CG Travel Center, Inc.
AAA CG Travel Center, Inc. is a gasoline station with convenience store business located in Cedar Grove, WI, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership totaling $4,769,800, approved on January 29, 2025 by Merchants Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Jan 29, 2025
$4,769,800 approvedLender: Merchants Bank of Indiana26 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,769,800
- SBA-guaranteed amount
- $3,577,350 (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
- 9.25%, variable
- Term
- 26 years (312 months)
- Estimated maturity
- January 29, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $40,453 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 20, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- Pilot Travel Centers, LLC - Amended and Restated Equipment Lease and Thru Put Agreement
- Project location
- Sheboygan County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 93% 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 Wisconsin: $1,729,230.
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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