How to Get a Loan for Gasoline Stations with Convenience Stores

With these business loans for gasoline stations with convenience stores, the SBA guarantees the lender that the loan will be repaid. This gasoline stations with convenience stores loan for $1,155,700 was given to an Illinois entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Germantown, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Farmers State Bank Of Hoffman, based in Centralia, Illinois.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
GERMANTOWN, IL 62245

SBA Loan Lender

FARMERS STATE BANK OF HOFFMAN
225 N COMMERCIAL
CENTRALIA, IL 62801

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

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/5/2004

Loan Approval Gross Amount

$1,155,700

Loan Approval from the SBA

Of the total $1,155,700 loan amount, the SBA guaranteed $866,775.

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 18 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Farmers State Bank Of Hoffman that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Loan

Best Banks in Centralia, Illinois

Getting an SBA Loan in Illinois