Small Business Loans for Gasoline Stations

With these small business loans for gasoline stations, the SBA guarantees the lender that the loan will be repaid. This gasoline stations loan for $122,700 was given to an Ohio entrepreneur in 2006.

This small firm knew how to go about getting a business bank loan. Based in Walton Hills, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Dollar Bank A Fed. Savings Bk, based in Cleveland, Ohio.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS
WALTON HILLS, OH 44146

SBA Loan Lender

DOLLAR BANK A FED. SAVINGS BK
1301 E 9TH ST
CLEVELAND, OH 44114

This lender issued this commercial loan under the SBA 7A lending 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

447190 - Gasoline Stations

Loan Approval Date

1/26/2006

Loan Approval Gross Amount

$122,700

Loan Approval from the SBA

Of the total $122,700 loan amount, the SBA guaranteed $104,295.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Walton Hills OH, you ought to talk with a local Walton Hills SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Walton Hills businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Dollar Bank A Fed. Savings Bk 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:

Understanding Dilution

Small Bank Loans in Cleveland, Ohio

Getting an SBA Loan in Ohio