Eaglebank Provides SBA Loan to Buy Texaco Service Station Franchise

Need money to purchase a Texaco Service Station franchise? Eaglebank has a history of making these loans and they are guaranteed by the SBA.

Texaco Service Station franchise loans are available to Leesburg, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Eaglebank, based in Bethesda, Maryland, issued an SBA franchise loan for a Texaco Service Station franchise in 2002. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

SILKCO,INC. T/A PLAZA TEXACO
LEESBURG, VA 20176

SBA Loan Lender

EAGLEBANK
7815 WOODMONT AVE
BETHESDA, MD 20814

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

2/11/2002

Loan Approval Gross Amount

$760,000

Loan Approval from the SBA

Of the total $760,000 loan amount, the SBA guaranteed $570,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Texaco Service Station franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Eaglebank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Texaco Service Station

The Art of Bootstrapping

Small Business Banks in Bethesda, Maryland

Getting an SBA Loan in Maryland