Commercial Loans for Gasoline Stations

With these commercial loans for gasoline stations, the SBA guarantees the lender that the loan will be repaid. This gasoline stations loan for $50,650 was given to a South Carolina entrepreneur in 2001.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with South Carolina Bank & Trust Natl, out of Orangeburg, South Carolina. The loan was granted and they received $50,650 to help grow their Elloree, South Carolina business.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
ELLOREE, SC 29047

SBA Loan Lender

SOUTH CAROLINA BANK & TRUST NATL
950 JOHN C CALHOUN DR
ORANGEBURG, SC 29115

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

7/20/2001

Loan Approval Gross Amount

$50,650

Loan Approval from the SBA

Of the total $50,650 loan amount, the SBA guaranteed $43,052.

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 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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.

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