Business Loans for Gasoline Stations with Convenience Stores

Looking for business loans for gasoline stations with convenience stores? The SBA may be the answer. This $1,842,000 gasoline stations with convenience stores loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Sacramento, California was able to borrow $1,842,000 from Excel National Bank. The SBA made the loan possible by guaranteeing $1,381,500 of this California small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
WEST SACRAMENTO, CA 95691

SBA Loan Lender

EXCEL NATIONAL BANK
9701 WILSHIRE BLVD
BEVERLY HILLS, CA 90212

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

5411 - Grocery Stores

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

9/20/2006

Loan Approval Gross Amount

$1,842,000

Loan Approval from the SBA

Of the total $1,842,000 loan amount, the SBA guaranteed $1,381,500.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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