Loans for Gasoline Stations

Looking for loans for gasoline stations? The SBA may be the answer. This $195,000 gasoline stations loan was issued by an Oregon bank.

This small firm knew how to go about getting a business bank loan. Based in Mcminnville, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was West Coast Bank, based in Lake Oswego, Oregon.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS
MCMINNVILLE, OR 97128

SBA Loan Lender

WEST COAST BANK
5335 MEADOWS RD
LAKE OSWEGO, OR 97035

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

447190 - Gasoline Stations

Loan Approval Date

8/10/2007

Loan Approval Gross Amount

$195,000

Loan Approval from the SBA

Of the total $195,000 loan amount, the SBA guaranteed $146,250.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Mcminnville OR, you ought to talk with a local Mcminnville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mcminnville businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. West Coast Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, West Coast Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Business Credit Evaluation

SBA 7A Lenders in Lake Oswego, Oregon

Where to Get an SBA Loan Oregon