Baltimore, MD Entrepreneur Gets SBA Loan to Buy Hess gas Stations Franchise

Need money to purchase a Hess gas Stations franchise? Sandy Spring Bank has a history of making these loans and they are guaranteed by the SBA.

Hess gas Stations franchise loans are available to Baltimore, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sandy Spring Bank, based in Olney, Maryland, issued an SBA franchise loan for a Hess gas Stations franchise in 2000. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

GREEN & WHITE FUELS, INC.
BALTIMORE, MD 21237

SBA Loan Lender

SANDY SPRING BANK
17801 GEORGIA AVE
OLNEY, MD 20832

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/13/2000

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $97,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hess gas Stations franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

Who Lends Money to Small Businesses in Olney, Maryland

SBA Participating Banks in Maryland