Washington, District of Columbia Lender Lends Money to Gasoline Service Stations Company
Thinking about meeting with a Washington, District of Columbia bank about an SBA loan? Here's one Maryland business loan, issued by a Washington bank, that was approved by the SBA.
Applying for an SBA loan with City 1st Bank - D.C. worked out well for our friends at one local business in Waldorf, Maryland. They got an SBA loan for $168,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: GASOLINE SERVICE STATIONS
WALDORF, MD 20601
SBA Loan Lender
CITY 1ST BANK - D.C.
1432 U ST NW
WASHINGTON, DC 20009
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5541 - Gasoline Service Stations
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
12/22/2004
Loan Approval Gross Amount
$168,000
Loan Approval from the SBA
Of the total $168,000 loan amount, the SBA guaranteed $126,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 7 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from City 1st Bank - D.C. 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.
Related Links:
Bank Credit Lines
Who Lends Money to Small Businesses in Washington, District of Columbia
District of Columbia SBA Banks