Irving, TX Entrepreneur Gets SBA Loan to Buy Exxon Franchise

Borrowing money to invest in an Exxon franchise? Grand Bank Of Texas has a history of making these loans and they are guaranteed by the SBA.

If you live near Irving, Texas and are interested in buying an Exxon franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Grand Bank Of Texas. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

VALLEY RANCH EXXON
IRVING, TX 75063

SBA Loan Lender

GRAND BANK OF TEXAS
2341 S BELTLINE RD
GRAND PRAIRIE, TX 75051

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/23/2003

Loan Approval Gross Amount

$1,545,000

Loan Approval from the SBA

Of the total $1,545,000 loan amount, the SBA guaranteed $999,986.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Exxon franchise. At the time of the loan, the company had 11 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Grand Bank Of Texas and they will explain how you can get an SBA loan for your company.

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:

ExxonMobil Corporation

Small Business Loan

SBA Approved Banks in Grand Prairie, Texas

SBA Participating Banks in Texas