Main Street Registry

Hickory Gas Corp.

Zion, IL · Gasoline Stations with Convenience Stores · NAICS 457110

Hickory Gas Corp. is located in Zion, IL, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $3,325,000 for a change of ownership on August 22, 2024.

SBA 7(a) loan, change of ownership, approved Aug 22, 2024

Gross approval
$3,325,000
SBA-guaranteed amount
$2,493,750 (75% of the approval)
Lender
Truliant FCU, Winston-Salem, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
24 years, 5 months (293 months)
Estimated maturity
January 22, 2049 (estimated, approval date plus term)
Estimated monthly payment
$31,551 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Lake County, IL
SBA district office
Illinois District Office
Congressional district
IL-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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