Hawley, TX Entrepreneur Gets SBA Loan to Buy Conoco Service Station Franchise

Need a loan to buy a Conoco Service Station franchise? Hamlin National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Conoco Service Station franchise? If so, here's a 2000 SBA franchise loan that you should know about. Hamlin National Bank was the lender and the entrepreneur was based in Hawley, Texas.

SBA Loan Borrower

KENRON INC
HAWLEY, TX 79525

SBA Loan Lender

HAMLIN NATIONAL BANK
210 AVENUE E
HAWLEY, TX 79525

This lender issued this business loan under the SBA's 7A loan, 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

5411 - Grocery Stores

Loan Approval Date

6/22/2000

Loan Approval Gross Amount

$181,650

Loan Approval from the SBA

Of the total $181,650 loan amount, the SBA guaranteed $136,238.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Conoco Service Station franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Hamlin National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Hamlin National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Conoco Service Station

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SBA Participating Banks in Hawley, Texas

Texas SBA Banks