Raising Money for Gasoline Stations with Convenience Stores

Looking for business loans for gasoline stations with convenience stores? Try the SBA. This $875,334 gasoline stations with convenience stores loan was issued by an Indiana bank.

Getting a small business loan in Merrillville, Indiana was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Citizens Financial Bank, operating out of Munster, Indiana. Here are the details on this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
MERRILLVILLE, IN 46410

SBA Loan Lender

CITIZENS FINANCIAL BANK
707 RIDGE RD
MUNSTER, IN 46321

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

2/9/2005

Loan Approval Gross Amount

$875,334

Loan Approval from the SBA

Of the total $875,334 loan amount, the SBA guaranteed $656,500.

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 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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Indiana SBA 7A Lenders