Financing for Convenience Stores

Looking for loans for convenience stores? The SBA may be the answer. This $38,750 convenience stores loan was issued by a Pennsylvania bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Ameriserv Financial Bank, out of Johnstown, Pennsylvania. The loan was granted and they received $38,750 to help grow their Johnstown, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
JOHNSTOWN, PA 15905

SBA Loan Lender

AMERISERV FINANCIAL BANK
1404 EISENHOWER BLVD
JOHNSTOWN, PA 15904

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

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

7/26/2001

Loan Approval Gross Amount

$38,750

Loan Approval from the SBA

Of the total $38,750 loan amount, the SBA guaranteed $32,937.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $38,750 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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