 |
 |
December 18, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Indiana Business Loan Sources > Buffalo Grove, Business Loans > American Enterprise Bank Buffalo Grove Business Loans > Beachway Citgo Loan | ||||
 |
||||
Indianapolis, Indiana Bank Loan
|
||||
 |
Borrow Money to Buy a Citgo Service Station FranchiseNeed a loan to purchase a Citgo Service Station franchise? American Enterprise Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Indianapolis, Indiana needed money to invest in a Citgo Service Station franchise back in 2006. American Enterprise Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan. SBA Loan Borrower BEACHWAY CITGO SBA Loan Lender AMERICAN ENTERPRISE BANK 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. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 6/1/2006 Loan Approval Gross Amount $915,000 Loan Approval from the SBA Of the total $915,000 loan amount, the SBA guaranteed $686,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Citgo Service Station franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the funding would help generate 8 new jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Buffalo Grove, Illinois
|
|
||
|
||||
|
|
||||