Getting an SBA Loan for Gasoline Stations with Convenience Stores

Looking for business loans for gasoline stations with convenience stores? Talk to a banker who works with the SBA. This $374,000 gasoline stations with convenience stores loan was issued by an Illinois bank.

Getting a small business loan in Bloomington, Illinois was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Illini Bank, operating out of Hudson, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
BLOOMINGTON, IL 61704

SBA Loan Lender

ILLINI BANK
103 FRANKLIN
HUDSON, IL 61748

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

8/3/2004

Loan Approval Gross Amount

$374,000

Loan Approval from the SBA

Of the total $374,000 loan amount, the SBA guaranteed $280,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Illini Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Illini Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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