Gasoline Stations with Convenience Stores Bank Loans

Looking for bank loans for gasoline stations with convenience stores? An SBA loan may be just what you've been looking for. This $75,000 gasoline stations with convenience stores loan was issued by a Minnesota bank.

Getting a small business loan in Albany, Minnesota was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Home Savings Of America, operating out of Little Falls, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
ALBANY, MN 56307

SBA Loan Lender

HOME SAVINGS OF AMERICA
35 E BROADWAY
LITTLE FALLS, MN 56345

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

3/19/2007

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $56,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Home Savings Of America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Accountant's Role in Securing Financing

Good Banks for Small Business in Little Falls, Minnesota

SBA Lenders in Minnesota