U.S. Bank National Association Gives SBA Loan to Gasoline Service Stations Company

Would a Georgia small business loan help your small business to grow and prosper? If so, you may want to talk with this Ohio bank, which offers SBA loans to Georgia entrepreneurs.

Getting a small business loan in Forest Park, Georgia was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
FOREST PARK, GA 30050

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

7/10/2000

Loan Approval Gross Amount

$1,450,000

Loan Approval from the SBA

Of the total $1,450,000 loan amount, the SBA guaranteed $749,998.

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 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Forest Park GA, you ought to talk with a local Forest Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Forest Park businesses.

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 $1,450,000 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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