Convenience Stores Bank Loans

Looking for bank loans for convenience stores? An SBA loan may be just what you've been looking for. This $556,750 convenience stores loan was issued by a Washington bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cheney, Washington was able to borrow $556,750 from Banner Bank. The SBA made the loan possible by guaranteeing $417,563 of this Washington small business loan.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
CHENEY, WA 99004

SBA Loan Lender

BANNER BANK
N 25 MULLAN
SPOKANE, WA 99206

At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to provide expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

9/2/2003

Loan Approval Gross Amount

$556,750

Loan Approval from the SBA

Of the total $556,750 loan amount, the SBA guaranteed $417,563.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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