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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Tempe, Business Loans > Bank Of The Southwest Tempe Business Loans > Gasoline Service Stations Loan | ||||
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Arizona Small Business Funding
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Gasoline Stations with Convenience Stores Business LoansLooking for business loans for gasoline stations with convenience stores? The SBA may be the answer. This $251,000 gasoline stations with convenience stores loan was issued by an Arizona bank. This small business knew how to go about getting a business bank loan. Based in Gilbert, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Bank Of The Southwest, based in Tempe, Arizona. SBA Loan Borrower COMPANY TYPE: GASOLINE SERVICE STATIONS SBA Loan Lender BANK OF THE SOUTHWEST This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 9/18/2002 Loan Approval Gross Amount $251,000 Loan Approval from the SBA Of the total $251,000 loan amount, the SBA guaranteed $188,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Determining Proper Capital Structure for a Business Best Tempe, Arizona Banks for Small Business Getting a Business Loan in Arizona
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