Gasoline Stations SBA Loans

With these SBA loans for gasoline stations, the SBA guarantees the lender that the loan will be repaid. This gasoline stations loan for $720,615 was given to a Maryland entrepreneur in 2005.

Getting a small business loan in Waldorf, Maryland was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Mainstreet Lender 7(a), LLC, operating out of Chevy Chase, Maryland. Here are the details on this Maryland small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS
WALDORF, MD 20602

SBA Loan Lender

MAINSTREET LENDER 7(A), LLC
2 WISCONSIN CIRCLE, 9TH FLOOR
CHEVY CHASE, MD 20815

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$720,615

Loan Approval from the SBA

Of the total $720,615 loan amount, the SBA guaranteed $540,461.

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 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mainstreet Lender 7(a), LLC 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.

Related Links:

Business Incubators

Small Business Banks in Chevy Chase, Maryland

Getting an SBA Loan in Maryland