United Central Bank Provides SBA Loan to Buy Texaco Service Station Franchise

Need money to purchase a Texaco Service Station franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Cypress, Texas needed money to invest in a Texaco Service Station franchise back in 2001. United Central Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

TEXACO FOOD MART
CYPRESS, TX 77429

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

3/16/2001

Loan Approval Gross Amount

$1,026,000

Loan Approval from the SBA

Of the total $1,026,000 loan amount, the SBA guaranteed $769,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Texaco Service Station franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the borrowed money would help create 3 new jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Texaco Service Station

How Much Venture Capital Is There?

SBA 7A Banks in Garland, Texas

Texas SBA 7A Banks