Dallas, TX Entrepreneur Gets SBA Loan to Buy Diamond Shamrock Franchise

Borrowing money to invest in a Diamond Shamrock franchise? Mainstreet Lender 7(a), LLC has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Diamond Shamrock franchise? If so, here's a 2005 SBA franchise loan that you should know about. Mainstreet Lender 7(a), LLC was the lender and the entrepreneur was based in Dallas, Texas.

SBA Loan Borrower

SKILLMAN DIAMOND SHAMROCK
DALLAS, TX 75231

SBA Loan Lender

MAINSTREET LENDER 7(A), LLC
2 WISCONSIN CIRCLE, 9TH FLOOR
CHEVY CHASE, MD 20815

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

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

10/21/2005

Loan Approval Gross Amount

$675,000

Loan Approval from the SBA

Of the total $675,000 loan amount, the SBA guaranteed $506,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Diamond Shamrock franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mainstreet Lender 7(a), LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mainstreet Lender 7(a), LLC made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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