Washington Entrepreneur Secures Financing to Buy Shell Service Station Franchise
Borrowing money to buy a Shell Service Station franchise? Center Bank has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Shell Service Station franchise shouldn't be overly burdensome. In 2004, Center Bank issued an SBA franchise loan to an entrepreneur in Lynnwood, Washington. Because Shell Service Station was registered with the SBA's registry of franchises, this Washington small business loan was issued on an expedited basis.
SBA Loan Borrower
7 STAR SHELL
LYNNWOOD, WA 98036
SBA Loan Lender
CENTER BANK
3435 WILSHIRE BLVD, STE 700
LOS ANGELES, CA 90010
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
7/27/2004
Loan Approval Gross Amount
$1,185,000
Loan Approval from the SBA
Of the total $1,185,000 loan amount, the SBA guaranteed $888,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Shell Service Station franchise. At the time of the loan, the company
had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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 $1,185,000 loan. Remember, if it to be, it is up to me!
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:
Alternative Financing
SBA 7A Banks for Los Angeles, California Loans
California SBA Banks