Where to Get Capital for Convenience Stores
Looking for small business loans for convenience stores? An SBA loan may be just what you've been looking for. This $212,000 convenience stores loan was issued by an Ohio bank.
This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Citizens Banking Company, out of Urbana, Ohio. The loan was granted and they received $212,000 to help grow their Lakeview, Ohio business.
SBA Loan Borrower
COMPANY TYPE: CONVENIENCE STORES
LAKEVIEW, OH 43331
SBA Loan Lender
THE CITIZENS BANKING COMPANY
601 SCIOTO ST
URBANA, OH 43078
This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445120 - Convenience Stores
Loan Approval Date
6/8/2005
Loan Approval Gross Amount
$212,000
Loan Approval from the SBA
Of the total $212,000 loan amount, the SBA guaranteed $159,000.
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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
This SBA loan was for $212,000. How would you spend $212,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Startup Funding Tip
SBA 7A Banks in Urbana, Ohio
Browse All Business Loan Sources for Ohio