The Commercial Savings Bank Provides SBA Loan to Buy Marathon Oil Company Franchise

Need a loan to invest in a Marathon Oil Company franchise? The Commercial Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Marathon Oil Company franchise loans are available to Findlay, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Commercial Savings Bank, based in Findlay, Ohio, issued an SBA franchise loan for a Marathon Oil Company franchise in 2003. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

FRONK SERVICE CENTER, INC.
FINDLAY, OH 45840

SBA Loan Lender

THE COMMERCIAL SAVINGS BANK
201 E LINCOLN ST
FINDLAY, OH 45840

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7629 - Electrical and Electronic Repair Shops

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

2/3/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Marathon Oil Company franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, anyone can do it... so why not 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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