Financing for Convenience Stores
With these loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $30,000 was given to a New York entrepreneur in 2006.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jackson Heights, New York was able to borrow $30,000 from Citibank. The SBA made the loan possible by guaranteeing $15,000 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: CONVENIENCE STORES
JACKSON HEIGHTS, NY 11355
SBA Loan Lender
CITIBANK
3900 PARADISE RD, STE 127
LAS VEGAS, NV 89109
The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
445120 - Convenience Stores
Loan Approval Date
12/29/2006
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $15,000.
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 only one employee. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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 Citibank 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.
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