Main Street Registry

Ssp Effingham 1 Inc.

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

Ssp Effingham 1 Inc. is located in Effingham, IL, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $1,625,400 for a change of ownership on September 28, 2026.

SBA 7(a) loan, change of ownership, approved Sep 28, 2026

Gross approval
$1,625,400
SBA-guaranteed amount
$1,219,050 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
September 28, 2036 (estimated, approval date plus term)
Estimated monthly payment
$21,032 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
8
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Effingham County, IL
SBA district office
Illinois District Office
Congressional district
IL-15
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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