Main Street Registry

Victory Lane Properties Limited Partnership

Litchfield, IL · New Car Dealers · NAICS 441110

Victory Lane Properties Limited Partnership is a New Car Dealers business located in Litchfield, IL, classified under NAICS code 441110. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,982,000, approved on April 9, 2025, through The Litchfield National Bank and SomerCor 504, Inc.

SBA 504 loan, approved Apr 9, 2025

$1,982,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,982,000
Bank portion
$1,935,860
Estimated project size
$4,353,178 (estimated)
Estimated owner equity
$435,318 (estimated, about 10% of the project)
Bank lender
The Litchfield National Bank, Litchfield, IL
CDC
SomerCor 504, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
April 9, 2050 (estimated, approval date plus term)
First disbursement
Sep 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
LLC or partnership
NAICS
441110, New Car Dealers
Project location
Montgomery County, IL
SBA district office
Illinois District Office
Congressional district
IL-13
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 31% of expansion loans in New Car Dealers on this site.
  • Average expansion loan in New Car Dealers: $3,138,111.
  • Average expansion loan in Illinois: $2,310,827.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois