Indiana Entrepreneur Secures Financing to Buy Citgo Service Station Franchise

Need money to invest in a Citgo Service Station franchise? American Enterprise Bank has a history of making these loans and they are guaranteed by the SBA.

Citgo Service Station franchise loans are available to Gary, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, American Enterprise Bank, based in Buffalo Grove, Illinois, issued an SBA franchise loan for a Citgo Service Station franchise in 2007. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

S & K INC,CITGO, GARY, IN
GARY, IN 46407

SBA Loan Lender

AMERICAN ENTERPRISE BANK
600 N BUFFALO GROVE RD
BUFFALO GROVE, IL 60089

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/4/2007

Loan Approval Gross Amount

$775,000

Loan Approval from the SBA

Of the total $775,000 loan amount, the SBA guaranteed $581,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Citgo Service Station franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like American Enterprise Bank and they will explain how you can get an SBA loan for your company.

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:

Citgo Service Station

Microlending as a Small Business Funding Source

SBA Approved Banks in Buffalo Grove, Illinois

Illinois SBA 7A Lenders