Where to Get Capital for Convenience Stores

Looking for small business loans for convenience stores? Try the SBA. This $225,000 convenience stores loan was issued by an Arkansas bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Benefit Bank, out of Fort Smith, Arkansas. The loan was granted and they received $225,000 to help grow their Charleston, Arkansas business.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
CHARLESTON, AR 72933

SBA Loan Lender

BENEFIT BANK
8300 PHOENIX AVE
FORT SMITH, AR 72903

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

2/2/2006

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 9 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Benefit Bank 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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