Bank Of America Provides SBA Loan to Buy Union 76 Oil Franchise

Need a loan to buy an Union 76 Oil franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Union 76 Oil franchise? If so, here's a 2004 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Portland, Oregon.

SBA Loan Borrower

STAR FAST GAS, INC.
PORTLAND, OR 97216

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

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

447190 - Gasoline Stations

Loan Approval Date

11/9/2004

Loan Approval Gross Amount

$61,000

Loan Approval from the SBA

Of the total $61,000 loan amount, the SBA guaranteed $30,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Union 76 Oil franchise. At the time of the loan, the company had 9 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Related Links:

Business Line of Credit

SBA 7A Lenders in Charlotte, North Carolina

North Carolina SBA 7A Lenders