Convenience Stores Bank Loans

Looking for bank loans for convenience stores? An SBA loan may be just what you've been looking for. This $221,300 convenience stores loan was issued by a Maine bank.

This small firm knew how to go about getting a business bank loan. Based in Owls Head, Maine, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Union Trust Company, based in Ellsworth, Maine.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
OWLS HEAD, ME 04854

SBA Loan Lender

UNION TRUST COMPANY
66 MAIN ST
ELLSWORTH, ME 04605

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

11/19/2007

Loan Approval Gross Amount

$221,300

Loan Approval from the SBA

Of the total $221,300 loan amount, the SBA guaranteed $110,650.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Union Trust Company are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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