Financing for Gasoline Stations with Convenience Stores
Looking for commercial loans for gasoline stations with convenience stores? The SBA may be the answer. This $63,000 gasoline stations with convenience stores loan was issued by a Rhode Island bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Islip, New York was able to borrow $63,000 from Bank Of America. The SBA made the loan possible by guaranteeing $31,500 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
WEST ISLIP, NY 11795
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
9/24/2003
Loan Approval Gross Amount
$63,000
Loan Approval from the SBA
Of the total $63,000 loan amount, the SBA guaranteed $31,500.
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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of America and they will explain how you can get an SBA loan for your company.
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:
Investor Turnoffs
Best Providence, Rhode Island Banks for Small Business
Rhode Island SBA 7A Lenders