SBA Loans for Convenience Stores

Looking for SBA loans for convenience stores? Try the SBA. This $1,400,000 convenience stores loan was issued by an Indiana bank.

This small business knew how to go about getting a business bank loan. Based in Evansville, Indiana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Evansville Commerce Bank, based in Evansville, Indiana.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
EVANSVILLE, IN 47714

SBA Loan Lender

EVANSVILLE COMMERCE BANK
20 NW 4TH ST
EVANSVILLE, IN 47708

This lender provides SBA guaranteed 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

445120 - Convenience Stores

Loan Approval Date

10/30/2007

Loan Approval Gross Amount

$1,400,000

Loan Approval from the SBA

Of the total $1,400,000 loan amount, the SBA guaranteed $1,050,000.

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 indicated that the loan would help generate 33 new jobs and retain 32 existing jobs.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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:

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in Evansville, Indiana

SBA Indiana Banks