How to Get a Loan for Petroleum Bulk Stations and Terminals
With these commercial loans for petroleum bulk stations and terminals, the SBA guarantees the lender that the loan will be repaid. This petroleum bulk stations and terminals loan for $35,000 was given to a Pennsylvania entrepreneur in 2004.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in East Berlin, Pennsylvania was able to borrow $35,000 from Capital One. The SBA made the loan possible by guaranteeing $17,500 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: PETROLEUM BULK STATIONS AND TERMINALS
East Berlin, PA 17316
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424710 - Petroleum Bulk Stations and Terminals
Loan Approval Date
9/29/2004
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $17,500.
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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $35,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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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