Pacific Western Bank Provides SBA Loan to Buy Exxon Franchise

Need money to buy an Exxon franchise? Pacific Western Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Las Vegas, Nevada and are interested in buying an Exxon franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Pacific Western Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SUN CITY EXPRESS, INC
LAS VEGAS, NV 89108

SBA Loan Lender

PACIFIC WESTERN BANK
900 CANTERBURY PL
ESCONDIDO, CA 92025

This debt financing was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan 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

5/17/2005

Loan Approval Gross Amount

$1,935,200

Loan Approval from the SBA

Of the total $1,935,200 loan amount, the SBA guaranteed $1,451,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Exxon franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels 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 firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

ExxonMobil Corporation

Microlending as a Small Business Funding Source

Good Banks for Small Business in Escondido, California

California SBA 7A Lenders