Getting an SBA Loan for Convenience Stores

Looking for SBA loans for convenience stores? An SBA loan may be just what you've been looking for. This $731,100 convenience stores loan was issued by an Utah bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Bank Of The West, out of Salt Lake City, Utah. The loan was granted and they received $731,100 to help grow their San Diego, California business.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
SAN DIEGO, CA 91950

SBA Loan Lender

BANK OF THE WEST
142 EAST 200 SOUTH
SALT LAKE CITY, UT 84111

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

12/16/2002

Loan Approval Gross Amount

$731,100

Loan Approval from the SBA

Of the total $731,100 loan amount, the SBA guaranteed $548,325.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

The Friends and Family Network

SBA Approved Banks in Salt Lake City, Utah

Where to Get an SBA Loan Utah