Stone Mountain, GA Entrepreneur Gets SBA Loan to Buy Texaco Service Station Franchise

Need money to invest in a Texaco Service Station franchise? Quantum National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Stone Mountain, Georgia needed money to invest in a Texaco Service Station franchise back in 2000. Quantum National Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

TEXACO FOOD MART
STONE MOUNTAIN, GA 30083

SBA Loan Lender

QUANTUM NATIONAL BANK
505 PEACHTREE IND BLVD
SUWANEE, GA 30024

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

Loan Approval Date

9/13/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Texaco Service Station franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Quantum National 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.

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