Gasoline Stations Small Business Loans
Looking for small business loans for gasoline stations? The SBA may be the answer. This $470,000 gasoline stations loan was issued by a New Jersey bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Iselin, New Jersey was able to borrow $470,000 from Unity Bank. The SBA made the loan possible by guaranteeing $352,500 of this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE STATIONS
ISELIN, NJ 08830
SBA Loan Lender
UNITY BANK
64 OLD HWY 22
CLINTON, NJ 08809
This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447190 - Gasoline Stations
Loan Approval Date
10/17/2001
Loan Approval Gross Amount
$470,000
Loan Approval from the SBA
Of the total $470,000 loan amount, the SBA guaranteed $352,500.
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 retain 4 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
The Friends and Family Network
SBA 7A Banks for Clinton, New Jersey Loans
Getting an SBA Loan in New Jersey