Columbus, OH Entrepreneur Gets SBA Loan to Buy Marathon Oil Company Franchise

Need money to invest in a Marathon Oil Company franchise? Keybank National Association has a history of making these loans and they are guaranteed by the SBA.

Marathon Oil Company franchise loans are available to Columbus, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Keybank National Association, based in Cleveland, Ohio, issued an SBA franchise loan for a Marathon Oil Company franchise in 2006. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

MARATHON
COLUMBUS, OH 43235

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

This commercial 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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

5/16/2006

Loan Approval Gross Amount

$131,700

Loan Approval from the SBA

Of the total $131,700 loan amount, the SBA guaranteed $98,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Marathon Oil Company franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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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