Tigard, OR Entrepreneur Gets SBA Loan to Buy Conoco Service Station Franchise

Borrowing money to invest in a Conoco Service Station franchise? Fortune Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Conoco Service Station franchise shouldn't be overly burdensome. In 2007, Fortune Bank issued an SBA franchise loan to an entrepreneur in Tigard, Oregon. Because Conoco Service Station was registered with the SBA's registry of franchises, this Oregon small business loan was issued on an expedited basis.

SBA Loan Borrower

76 OF GREENBURG
TIGARD, OR 97223

SBA Loan Lender

FORTUNE BANK
1201 THIRD AVE, STE 700
SEATTLE, WA 98101

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

10/16/2007

Loan Approval Gross Amount

$1,415,500

Loan Approval from the SBA

Of the total $1,415,500 loan amount, the SBA guaranteed $1,061,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Conoco Service Station franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Fortune Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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