Bloomington, IN Entrepreneur Gets SBA Loan to Buy Sunoco Service Station Franchise

Need a loan to buy a Sunoco Service Station franchise? American Enterprise Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sunoco Service Station franchise? If so, here's a 2006 SBA franchise loan that you should know about. American Enterprise Bank was the lender and the entrepreneur was based in Bloomington, Indiana.

SBA Loan Borrower

SAHILDEEP CORPORATION
BLOOMINGTON, IN 47401

SBA Loan Lender

AMERICAN ENTERPRISE BANK
600 N BUFFALO GROVE RD
BUFFALO GROVE, IL 60089

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

12/28/2006

Loan Approval Gross Amount

$779,000

Loan Approval from the SBA

Of the total $779,000 loan amount, the SBA guaranteed $584,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sunoco Service Station franchise. At the time of the loan, the company had no employees. The loan application indicated that the funding would help generate 5 new jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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.

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