Hazelcrest, IL Entrepreneur Gets SBA Loan to Buy Amoco gas Station Franchise

Need a loan to buy an Amoco gas Station franchise? Bankfinancial, Fsb has a history of making these loans and they are guaranteed by the SBA.

If you live near Hazelcrest, Illinois and are interested in buying an Amoco gas Station franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Bankfinancial, Fsb. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

HAZELCREST AMOCO
HAZELCREST, IL 60429

SBA Loan Lender

BANKFINANCIAL, FSB
48 ORLAND SQUARE DR
ORLAND PARK, IL 60462

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

9/9/2002

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $232,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Amoco gas Station franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bankfinancial, Fsb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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