Business Loans for Gasoline Stations with Convenience Stores

Looking for business loans for gasoline stations with convenience stores? The SBA may be the answer. This $34,000 gasoline stations with convenience stores loan was issued by a Minnesota bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Citizens State Bank Of Roseau, out of Roseau, Minnesota. The loan was granted and they received $34,000 to help grow their Salol, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
SALOL, MN 56751

SBA Loan Lender

CITIZENS STATE BANK OF ROSEAU
118 MAIN AVE SOUTH
ROSEAU, MN 56751

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/20/2000

Loan Approval Gross Amount

$34,000

Loan Approval from the SBA

Of the total $34,000 loan amount, the SBA guaranteed $27,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Salol MN, you ought to talk with a local Salol SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salol businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? 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:

Small Business Loan

SBA Approved Banks in Roseau, Minnesota

Minnesota SBA 7A Lenders