Gasoline Stations with Convenience Stores Small Business Loans

With these small business loans for gasoline stations with convenience stores, the SBA guarantees the lender that the loan will be repaid. This gasoline stations with convenience stores loan for $23,700 was given to a Maine entrepreneur in 2003.

Getting a small business loan in Washburn, Maine was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Katahdin Trust Co., operating out of Presque Isle, Maine. Here are the details on this Maine small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
WASHBURN, ME 04786

SBA Loan Lender

KATAHDIN TRUST CO.
260 MAIN ST
PRESQUE ISLE, ME 04769

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/7/2003

Loan Approval Gross Amount

$23,700

Loan Approval from the SBA

Of the total $23,700 loan amount, the SBA guaranteed $20,145.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

Equity Financing

SBA Banks in Presque Isle, Maine

SBA Lenders in Maine