Convenience Stores Loans

Looking for loans for convenience stores? The SBA may be the answer. This $85,000 convenience stores loan was issued by an Oklahoma bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Union Bank Of Chandler, out of Chandler, Oklahoma. The loan was granted and they received $85,000 to help grow their Chandler, Oklahoma business.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
CHANDLER, OK 74834

SBA Loan Lender

UNION BANK OF CHANDLER
1001 MANVEL AVE
CHANDLER, OK 74834

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

3/4/2004

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Chandler OK, you ought to talk with a local Chandler SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chandler businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Union Bank Of Chandler had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Union Bank Of Chandler 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.

Related Links:

Understanding Dilution

SBA 7A Banks for Chandler, Oklahoma Loans

Getting a Business Loan in Oklahoma