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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Chevy Chase, Business Loans > Mainstreet Lender 7(a), LLC Chevy Chase Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Texas Small Business SBA Loans
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Mainstreet Lender 7(a), LLC Gives Bank Loan to Gasoline Stations With Convenience Stores CompanyTexasBusiness loans are available to Texas business owners through the SBA. In this case, a Maryland bank provides the loan. By giving the right information to Mainstreet Lender 7(a), LLC, this Kingwood, Texas business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender MAINSTREET LENDER 7(A), LLC When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 12/19/2005 Loan Approval Gross Amount $1,650,000 Loan Approval from the SBA Of the total $1,650,000 loan amount, the SBA guaranteed $1,237,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mainstreet Lender 7(a), LLC had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mainstreet Lender 7(a), LLC made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Raising VC Money for Social Networking Companies Who Lends Money to Small Businesses in Chevy Chase, Maryland SBA Participating Banks in Maryland
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