Commercial Loans for Gasoline Stations

Looking for commercial loans for gasoline stations? The SBA may be the answer. This $1,250,100 gasoline stations loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Holladay, Tennessee was able to borrow $1,250,100 from Borrego Springs Bank. The SBA made the loan possible by guaranteeing $893,821 of this Tennessee small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS
HOLLADAY, TN 38341

SBA Loan Lender

BORREGO SPRINGS BANK
587 PALM CANYON DR, STE 101
BORREGO SPRINGS, CA 92004

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

9/25/2001

Loan Approval Gross Amount

$1,250,100

Loan Approval from the SBA

Of the total $1,250,100 loan amount, the SBA guaranteed $893,821.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 43 employees. The SBA loan application for the borrower indicated that the loan would help retain 56 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - Getting Venture Capital

Best Banks in Borrego Springs, California

California SBA 7A Lenders