Borrowing Money for Gasoline Stations with Convenience Stores

Looking for loans for gasoline stations with convenience stores? The SBA may be the answer. This $551,000 gasoline stations with convenience stores loan was issued by a Wisconsin bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with M&i Marshall & Ilsley Bank, out of Brookfield, Wisconsin. The loan was granted and they received $551,000 to help grow their Rhinelander, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
RHINELANDER, WI 54501

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
3155 N 124TH ST
BROOKFIELD, WI 53005

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/15/2004

Loan Approval Gross Amount

$551,000

Loan Approval from the SBA

Of the total $551,000 loan amount, the SBA guaranteed $413,250.

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 only one employee. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M&i Marshall & Ilsley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding From a Venture Capitalist

SBA 7A Lenders in Brookfield, Wisconsin

Wisconsin SBA Bank Lenders