Loans for Convenience Stores
Looking for loans for convenience stores? Try the SBA. This $67,800 convenience stores loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Port Richey, Florida was able to borrow $67,800 from California Bank & Trust. The SBA made the loan possible by guaranteeing $33,900 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: CONVENIENCE STORES
New Port Richey, FL 34653
SBA Loan Lender
CALIFORNIA BANK & TRUST
11622 EL CAMINO REAL, STE 200
SAN DIEGO, CA 92130
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
445120 - Convenience Stores
Loan Approval Date
11/27/2006
Loan Approval Gross Amount
$67,800
Loan Approval from the SBA
Of the total $67,800 loan amount, the SBA guaranteed $33,900.
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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like California Bank & Trust and they will explain how you can get an SBA loan for your company.
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
Find an SBA Lender in San Diego, California
Getting a Business Loan in California