Gasoline Stations SBA Loans
Looking for SBA loans for gasoline stations? An SBA loan may be just what you've been looking for. This $719,500 gasoline stations loan was issued by a Tennessee bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fresno, California was able to borrow $719,500 from Community So. Bank D.B.A Commun. The SBA made the loan possible by guaranteeing $539,625 of this California small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE STATIONS
Fresno, CA 93725
SBA Loan Lender
COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447190 - Gasoline Stations
Loan Approval Date
11/29/2007
Loan Approval Gross Amount
$719,500
Loan Approval from the SBA
Of the total $719,500 loan amount, the SBA guaranteed $539,625.
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 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community So. Bank D.B.A Commun and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Advice on Getting a Small Business Loan
SBA 7A Lenders in Parsons, Tennessee
Browse All Business Loan Sources for Tennessee