Lansdale, PA Entrepreneur Gets SBA Loan to Buy Seven-Eleven 7-11 Food Stores Franchise

Need a loan to purchase a Seven-Eleven 7-11 Food Stores franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Seven-Eleven 7-11 Food Stores franchise shouldn't be overly burdensome. In 2005, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Lansdale, Pennsylvania. Because Seven-Eleven 7-11 Food Stores was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

SONAL K. PATEL DBA 7-ELEVEN
LANSDALE, PA 19446

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

5/10/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Seven-Eleven 7-11 Food Stores franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, things become real when you believe you can achieve them!

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:

7-Eleven, Inc.

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