California Entrepreneur Secures Financing to Buy Shell Service Station Franchise

Need money to buy a Shell Service Station franchise? Inland Commun Bank has a history of making these loans and they are guaranteed by the SBA.

Shell Service Station franchise loans are available to Blue Jay, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Inland Commun Bank, based in Rialto, California, issued an SBA franchise loan for a Shell Service Station franchise in 2006. We've got all the details on this California small business loan.

SBA Loan Borrower

FIVE POINTS GENERAL STORE
BLUE JAY, CA 92317

SBA Loan Lender

INLAND COMMUN BANK
255 S RIVERSIDE AVE
RIALTO, CA 92376

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

6/7/2006

Loan Approval Gross Amount

$1,334,000

Loan Approval from the SBA

Of the total $1,334,000 loan amount, the SBA guaranteed $1,000,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Shell Service Station franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 7 existing jobs.

Getting an SBA Loan For Your Business

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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

Best Banks for Small Business in Rialto, California

California SBA 7A Lenders