Convenience Stores Loans

With these loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $327,300 was given to a Georgia entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lula, Georgia was able to borrow $327,300 from United Central Bank. The SBA made the loan possible by guaranteeing $245,475 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
LULA, GA 30554

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

5/19/2006

Loan Approval Gross Amount

$327,300

Loan Approval from the SBA

Of the total $327,300 loan amount, the SBA guaranteed $245,475.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like United Central Bank 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:

How Equity Dilution Works

SBA 7A Banks in Garland, Texas

Texas SBA 7A Banks