Getting an SBA Loan for Gasoline Stations with Convenience Stores

With these commercial loans for gasoline stations with convenience stores, the SBA guarantees the lender that the loan will be repaid. This gasoline stations with convenience stores loan for $310,000 was given to a Wisconsin entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Chippewa Falls, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First National Bank, based in Chetek, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
CHIPPEWA FALLS, WI 54729

SBA Loan Lender

FIRST NATIONAL BANK
621 2ND ST
CHETEK, WI 54728

This lender issued this 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

1/29/2007

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $232,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Chippewa Falls WI, you ought to talk with a local Chippewa Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chippewa Falls businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Family and Friend Investors - Your First Financiers

SBA 7A Banks for Chetek, Wisconsin Loans

SBA Lenders in Wisconsin