How to Get a Loan for Convenience Stores

Looking for business loans for convenience stores? The SBA may be the answer. This $618,000 convenience stores loan was issued by a Kentucky bank.

Getting a small business loan in Frenchburg, Kentucky was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Traditional Bank, Inc., operating out of Mount Sterling, Kentucky. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
FRENCHBURG, KY 40322

SBA Loan Lender

TRADITIONAL BANK, INC.
49 W MAIN ST
MOUNT STERLING, KY 40353

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445120 - Convenience Stores

Loan Approval Date

4/27/2005

Loan Approval Gross Amount

$618,000

Loan Approval from the SBA

Of the total $618,000 loan amount, the SBA guaranteed $463,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 18 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Frenchburg KY, you ought to talk with a local Frenchburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Frenchburg 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 $618,000 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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Who Lends Money to Small Businesses in Mount Sterling, Kentucky

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