Raising Money for Gasoline Stations with Convenience Stores

Looking for business loans for gasoline stations with convenience stores? Talk to a banker who works with the SBA. This $299,800 gasoline stations with convenience stores loan was issued by a Texas bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with United Central Bank, out of Garland, Texas. The loan was granted and they received $299,800 to help grow their Mckinney, Texas business.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
MCKINNEY, TX 75070

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

3/16/2007

Loan Approval Gross Amount

$299,800

Loan Approval from the SBA

Of the total $299,800 loan amount, the SBA guaranteed $224,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Mckinney TX, you ought to talk with a local Mckinney SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mckinney businesses.

We can help you find the best banks for small businesses in Mckinney or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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