Borrow Money to Buy a Conoco Service Station Franchise

Borrowing money to buy a Conoco Service Station franchise? Prosperity Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Dallas, Texas and are interested in buying a Conoco Service Station franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Prosperity Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LAKE JUNE CONOCO
DALLAS, TX 75217

SBA Loan Lender

PROSPERITY BANK
333 W KIEST BLVD
DALLAS, TX 75224

This lender provides SBA small 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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

12/11/2000

Loan Approval Gross Amount

$855,000

Loan Approval from the SBA

Of the total $855,000 loan amount, the SBA guaranteed $641,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Conoco Service Station franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Conoco Service Station

Financing Your Business

Banks in Dallas, Texas

Texas SBA 7A Lenders