Loan to Buy Chevron gas Station Franchise Issued By Comerica Bank

Borrowing money to buy a Chevron gas Station franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Kent, Washington needed money to invest in a Chevron gas Station franchise back in 2000. Comerica Bank issued an SBA franchise loan. Here are the details on this Washington small business loan.

SBA Loan Borrower

CHEVRON #92678
KENT, WA 98032

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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

11/17/2000

Loan Approval Gross Amount

$193,300

Loan Approval from the SBA

Of the total $193,300 loan amount, the SBA guaranteed $144,975.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Chevron gas Station franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $193,300 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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