Bakersfield, CA Entrepreneur Gets SBA Loan to Buy Shell Service Station Franchise

Need a loan to purchase a Shell Service Station franchise? Bridge Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Shell Service Station franchise may simply require a phone call to a local SBA banker. In 2006, Bridge Bank issued an SBA franchise loan to an entrepreneur in Bakersfield, California. Because Shell Service Station was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

MING AVENUE SHELL
BAKERSFIELD, CA 93206

SBA Loan Lender

BRIDGE BANK
55 ALMADEN BLVD
SAN JOSE, CA 95113

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

7/14/2006

Loan Approval Gross Amount

$777,000

Loan Approval from the SBA

Of the total $777,000 loan amount, the SBA guaranteed $527,583.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Shell Service Station franchise. At the time of the loan, the company had 21 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 30 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Bakersfield CA, you ought to talk with a local Bakersfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bakersfield businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bridge Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Small Business Credit Cards

SBA 7A Banks for San Jose, California Loans

Getting a Business Loan in California