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November 21, 2024 |
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| Home > Small Business Lenders by State > Mississippi Business Loan Sources > Chevy Chase, Business Loans > Mainstreet Lender 7(a), LLC Chevy Chase Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Chevy Chase Bank Loan
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Chevy Chase, Maryland Bank Gives SBA Loan to Gasoline Stations With Convenience Stores CompanyThinking about meeting with a Chevy Chase, Maryland bank about an SBA loan? Here's one Mississippi business loan, issued by a Chevy Chase bank, that was approved by the SBA. Applying for an SBA loan with Mainstreet Lender 7(a), LLC worked out well for our friends at one local firm in Vicksburg, Mississippi. They received an SBA loan for $840,000. Way to go! SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender MAINSTREET LENDER 7(A), LLC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 8/30/2006 Loan Approval Gross Amount $840,000 Loan Approval from the SBA Of the total $840,000 loan amount, the SBA guaranteed $630,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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: Obtaining Funding - How to Borrow Money Small Bank Loans in Chevy Chase, Maryland Browse All Business Loan Sources for Maryland
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