The Citizens Banking Company Provides SBA Loan to Buy Marathon Oil Company Franchise

Need a loan to invest in a Marathon Oil Company franchise? The Citizens Banking Company has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Marathon Oil Company franchise shouldn't be overly burdensome. In 2006, The Citizens Banking Company issued an SBA franchise loan to an entrepreneur in Grove City, Ohio. Because Marathon Oil Company was registered with the SBA's registry of franchises, this Ohio small business loan was issued on an expedited basis.

SBA Loan Borrower

GROVE CITY MARATHON
GROVE CITY, OH 43123

SBA Loan Lender

THE CITIZENS BANKING COMPANY
601 SCIOTO ST
URBANA, OH 43078

This debt financing 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.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

5/31/2006

Loan Approval Gross Amount

$499,875

Loan Approval from the SBA

Of the total $499,875 loan amount, the SBA guaranteed $374,906.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Marathon Oil Company franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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