Borrow Money to Buy a Mobil Oil stations Franchise

Borrowing money to purchase a Mobil Oil stations franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Mobil Oil stations franchise requires some effort but others before you have been successful. In 2006, United Central Bank issued an SBA franchise loan to an entrepreneur in Plano, Texas. Because Mobil Oil stations was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

PARKWAY MOBIL MART/CHURCH'S CH
PLANO, TX 75074

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

9/15/2006

Loan Approval Gross Amount

$1,774,000

Loan Approval from the SBA

Of the total $1,774,000 loan amount, the SBA guaranteed $1,330,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Mobil Oil stations franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 United Central Bank 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.

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