How to Get a Loan for Convenience Stores

With these business loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $85,000 was given to a Maine entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clinton (census Name For Clint, Maine was able to borrow $85,000 from Merrill Merchants Bank. The SBA made the loan possible by guaranteeing $72,250 of this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
CLINTON (CENSUS NAME FOR CLINT, ME 04927

SBA Loan Lender

MERRILL MERCHANTS BANK
201 MAIN ST
BANGOR, ME 04401

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

4/10/2007

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 a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help create 1 new job.

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

If you need money to start business in Clinton (census Name For Clint ME, you ought to talk with a local Clinton (census Name For Clint SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clinton (census Name For Clint 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:

Advice on Getting a Small Business Loan

Good Banks for Small Business in Bangor, Maine

Where to Get an SBA Loan Maine