Get an SBA Loan for Gasoline Stations with Convenience Stores

Looking for small business loans for gasoline stations with convenience stores? Talk to a banker who works with the SBA. This $84,800 gasoline stations with convenience stores loan was issued by a New Mexico bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank Of The Southwest, out of Truth Or Consequences, New Mexico. The loan was granted and they received $84,800 to help grow their Hillsboro, New Mexico business.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
HILLSBORO, NM 88042

SBA Loan Lender

BANK OF THE SOUTHWEST
509 BROADWAY
TRUTH OR CONSEQUENCES, NM 87901

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/29/2002

Loan Approval Gross Amount

$84,800

Loan Approval from the SBA

Of the total $84,800 loan amount, the SBA guaranteed $72,080.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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.

Related Links:

Financing Your Business

Banks in Truth Or Consequences, New Mexico

SBA New Mexico Banks