Borrow Money to Buy an Union 76 Oil Franchise

Borrowing money to purchase an Union 76 Oil franchise? United Commercial Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy an Union 76 Oil franchise? If so, here's a 2001 SBA franchise loan that you should know about. United Commercial Bank was the lender and the entrepreneur was based in Westminster, California.

SBA Loan Borrower

BEACH WESTMINSTER UNOCAL
WESTMINSTER, CA 92683

SBA Loan Lender

UNITED COMMERCIAL BANK
8632 E VALLEY BLVD
ROSEMEAD, CA 91770

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

2/14/2001

Loan Approval Gross Amount

$1,200,000

Loan Approval from the SBA

Of the total $1,200,000 loan amount, the SBA guaranteed $900,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Union 76 Oil franchise. At the time of the loan, the company had 22 employees. The SBA loan documents indicated that the borrowed money would help generate 5 new jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. United Commercial Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, United Commercial Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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