California Entrepreneur Secures Financing to Buy Texaco Service Station Franchise

Need a loan to purchase a Texaco Service Station franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

Texaco Service Station franchise loans are available to Thousand Oaks, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Comerica Bank, based in Dallas, Texas, issued an SBA franchise loan for a Texaco Service Station franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

TEXACO THOUSAND OAKS
THOUSAND OAKS, CA 91360

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

5/11/2000

Loan Approval Gross Amount

$622,500

Loan Approval from the SBA

Of the total $622,500 loan amount, the SBA guaranteed $466,875.

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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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