Loan to Buy Arco gas Station Franchise Issued By The Huntington National Bank

Borrowing money to purchase an Arco gas Station franchise? The Huntington National Bank has a history of making these loans and they are guaranteed by the SBA.

Arco gas Station franchise loans are available to Big Bear Lake, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Huntington National Bank, based in Indianapolis, Indiana, issued an SBA franchise loan for an Arco gas Station franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

BIG BEAR ARCO AM/PM
BIG BEAR LAKE, CA 92315

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
45 N PENNSYLVANIA ST
INDIANAPOLIS, IN 46204

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/27/2000

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Arco gas Station franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 8 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours 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:

The Friends and Family Network

Good Banks for Small Business in Indianapolis, Indiana

Getting a Business Loan in Indiana