American National Bank SBA Loan to Gasoline Stations With Convenience Stores Company
American National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Ohio entrepreneur was able to get a loan to take a small business to the next level.
This small firm knew how to go about getting a business bank loan. Based in Parma Heights, Ohio, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was American National Bank, based in Parma, Ohio.
SBA Loan Borrower
COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
PARMA HEIGHTS, OH 44130
SBA Loan Lender
AMERICAN NATIONAL BANK
5603 RIDGE RD
PARMA, OH 44129
This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
9/22/2003
Loan Approval Gross Amount
$1,500,000
Loan Approval from the SBA
Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000.
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 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 18 existing jobs.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
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.
Related Links:
Angel Investors
SBA Approved Banks in Parma, Ohio
Find an SBA Lender in Ohio