Convenience Stores Loans

With these loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $495,800 was given to an Alabama entrepreneur in 2004.

Getting a small business loan in Huntsville, Alabama was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Temecula Valley Bank, operating out of Temecula, California. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
HUNTSVILLE, AL 35801

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445120 - Convenience Stores

Loan Approval Date

2/5/2004

Loan Approval Gross Amount

$495,800

Loan Approval from the SBA

Of the total $495,800 loan amount, the SBA guaranteed $371,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Temecula Valley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Choosing VC Firms

Small Business Banks in Temecula, California

Getting an SBA Loan in California