Borrowing Money for Gasoline Stations with Convenience Stores

Looking for small business loans for gasoline stations with convenience stores? Talk to a banker who works with the SBA. This $940,000 gasoline stations with convenience stores loan was issued by a Washington bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bellingham, Washington was able to borrow $940,000 from Horizon Bank. The SBA made the loan possible by guaranteeing $705,000 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
BELLINGHAM, WA 98225

SBA Loan Lender

HORIZON BANK
1500 CORNWALL AVE
BELLINGHAM, WA 98225

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

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

1/14/2002

Loan Approval Gross Amount

$940,000

Loan Approval from the SBA

Of the total $940,000 loan amount, the SBA guaranteed $705,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Bellingham, Washington

Getting an SBA Loan in Washington