Convenience Stores Commercial Loans
Looking for commercial loans for convenience stores? Try the SBA. This $60,000 convenience stores loan was issued by a Kentucky bank.
This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with National City Bank, out of Cold Spring, Kentucky. The loan was granted and they received $60,000 to help grow their Fairfield, Ohio business.
SBA Loan Borrower
COMPANY TYPE: CONVENIENCE STORES
FAIRFIELD, OH 45014
SBA Loan Lender
NATIONAL CITY BANK
3701 ALEXANDRIA PIKE
COLD SPRING, KY 41076
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.
NAICS Code
445120 - Convenience Stores
Loan Approval Date
5/18/2004
Loan Approval Gross Amount
$60,000
Loan Approval from the SBA
Of the total $60,000 loan amount, the SBA guaranteed $51,000.
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 11 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add 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.
We can help you find the best banks for small businesses in Fairfield or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
VC Firms on Twitter
Best Cold Spring, Kentucky Banks for Small Business
SBA Kentucky Banks