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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Amoco Loan | ||||
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Orange Park, Florida Bank for SBA Loans
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Florida Entrepreneur Secures Financing to Buy Amoco gas Station FranchiseBorrowing money to invest in an Amoco gas Station franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an Amoco gas Station franchise? If so, here's a 2000 SBA franchise loan that you should know about. Compass Bank was the lender and the entrepreneur was based in Orange Park, Florida. SBA Loan Borrower AMOCO SBA Loan Lender COMPASS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations Loan Approval Date 7/5/2000 Loan Approval Gross Amount $728,000 Loan Approval from the SBA Of the total $728,000 loan amount, the SBA guaranteed $546,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Amoco gas Station franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $728,000 loan. Remember, if it to be, it is up to me! 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: SBA Participating Banks in Birmingham, Alabama
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