Commercial Loans for Gasoline Stations with Convenience Stores

Looking for commercial loans for gasoline stations with convenience stores? The SBA may be the answer. This $535,000 gasoline stations with convenience stores loan was issued by a West Virginia bank.

This business knew how to go about getting a business bank loan. Based in Glen Dale, West Virginia, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was The Huntington National Bank, based in Wheeling, West Virginia.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
GLEN DALE, WV 26038

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
980 NATIONAL RD
WHEELING, WV 26003

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

8/12/2004

Loan Approval Gross Amount

$535,000

Loan Approval from the SBA

Of the total $535,000 loan amount, the SBA guaranteed $401,250.

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 5 employees. This SBA loan request did not indicate that the 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!

If you need money to start business in Glen Dale WV, you ought to talk with a local Glen Dale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glen Dale businesses.

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 The Huntington National 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:

Borrowing Money from Friends and Family

Banks in Wheeling, West Virginia

SBA Lenders in West Virginia