Georgia Entrepreneur Secures Financing to Buy Chevron gas Station Franchise

Need money to buy a Chevron gas Station franchise? Crescent Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Chevron gas Station franchise shouldn't be overly burdensome. In 2002, Crescent Bank & Trust issued an SBA franchise loan to an entrepreneur in Canton, Georgia. Because Chevron gas Station was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis.

SBA Loan Borrower

FIRST STOP LATHEMTOWN CHEVRON
CANTON, GA 30115

SBA Loan Lender

CRESCENT BANK & TRUST
4475 TOWNE LAKE PKWY
WOODSTOCK, GA 30189

This lender issued this SBA business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

4/29/2002

Loan Approval Gross Amount

$1,344,000

Loan Approval from the SBA

Of the total $1,344,000 loan amount, the SBA guaranteed $999,990.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chevron gas Station franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Crescent Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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