People's Community State Bank SBA Loan to Gasoline Stations With Convenience Stores Company

An SBA loan from People's Community State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ellington, Missouri business owner got a $383,437 loan.

Getting a small business loan in Ellington, Missouri was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from People's Community State Bank, operating out of Doniphan, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
ELLINGTON, MO 63638

SBA Loan Lender

PEOPLE'S COMMUNITY STATE BANK
JCT HWYS 160 & 142
DONIPHAN, MO 63935

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank 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

9/21/2005

Loan Approval Gross Amount

$383,437

Loan Approval from the SBA

Of the total $383,437 loan amount, the SBA guaranteed $287,578.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

We've showcased information on this loan to let you know that businesses like yours 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:

Business Credit Evaluation

SBA 7A Banks for Doniphan, Missouri Loans

SBA Lenders in Missouri