Main Street Registry

Crystal Lake Mobil Inc.

Crystal Lake, IL · Gasoline Stations with Convenience Stores · NAICS 457110

Crystal Lake Mobil Inc. is a gasoline station with a convenience store in Crystal Lake, Illinois, operating under a franchise agreement. The business was financed with an SBA 7(a) loan for a change of ownership totaling $950,000, approved by Byline Bank on April 18, 2025.

SBA 7(a) loan, change of ownership, approved Apr 18, 2025

$950,000 approvedLender: Byline Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$950,000
SBA-guaranteed amount
$712,500 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
April 18, 2050 (estimated, approval date plus term)
Estimated monthly payment
$8,801 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 3, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Alliance Energy, LLC (ExxonMobil) Dealer Sales Agreement
Project location
Mchenry County, IL
SBA district office
Illinois District Office
Congressional district
IL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 19% 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