Borrowing Money for Gasoline Stations with Convenience Stores

Looking for small business loans for gasoline stations with convenience stores? The SBA may be the answer. This $67,785 gasoline stations with convenience stores loan was issued by an Oklahoma bank.

This small firm knew how to go about getting a business bank loan. Based in Cherokee, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Farmers Exchange Bank, based in Cherokee, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
CHEROKEE, OK 73728

SBA Loan Lender

FARMERS EXCHANGE BANK
419 S GRAND
CHEROKEE, OK 73728

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

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

1/23/2001

Loan Approval Gross Amount

$67,785

Loan Approval from the SBA

Of the total $67,785 loan amount, the SBA guaranteed $54,228.

More Information on This SBA Loan

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

Great, But How Can I Get an SBA Loan for My Business?

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Farmers Exchange Bank and they will explain how you can get an SBA loan for your company.

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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