SBA Loans for Gasoline Stations with Convenience Stores

Looking for SBA loans for gasoline stations with convenience stores? An SBA loan may be just what you've been looking for. This $475,500 gasoline stations with convenience stores loan was issued by a North Dakota bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Security State Bank, out of Dunseith, North Dakota. The loan was granted and they received $475,500 to help grow their Dunseith, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS
DUNSEITH, ND 58329

SBA Loan Lender

SECURITY STATE BANK
PO BOX 719
DUNSEITH, ND 58329

This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5172 - Petroleum and Petroleum Products

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/21/2000

Loan Approval Gross Amount

$475,500

Loan Approval from the SBA

Of the total $475,500 loan amount, the SBA guaranteed $356,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 32 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your 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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Security State Bank and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Dunseith, North Dakota

Find an SBA Lender in North Dakota