Get an SBA Loan for Gasoline Stations with Convenience Stores

Looking for loans for gasoline stations with convenience stores? An SBA loan may be just what you've been looking for. This $1,495,000 gasoline stations with convenience stores loan was issued by an Illinois bank.

This company knew how to go about getting a business bank loan. Based in Montgomery, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Mutual Bank, based in Harvey, Illinois.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
MONTGOMERY, IL 60538

SBA Loan Lender

MUTUAL BANK
16540 S HALSTED ST
HARVEY, IL 60426

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/16/2005

Loan Approval Gross Amount

$1,495,000

Loan Approval from the SBA

Of the total $1,495,000 loan amount, the SBA guaranteed $1,121,250.

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 6 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

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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SBA Approved Banks in Harvey, Illinois

Illinois SBA 7A Banks