Getting an SBA Loan for Gasoline Stations

With these commercial loans for gasoline stations, the SBA guarantees the lender that the loan will be repaid. This gasoline stations loan for $67,000 was given to a Missouri entrepreneur in 2003.

Getting a small business loan in Wheatland, Missouri was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Urbana, operating out of Urbana, Missouri. Here are the details on this Missouri small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
WHEATLAND, MO 65779

SBA Loan Lender

BANK OF URBANA
109 N MAIN ST
URBANA, MO 65767

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447190 - Gasoline Stations

Loan Approval Date

12/9/2003

Loan Approval Gross Amount

$67,000

Loan Approval from the SBA

Of the total $67,000 loan amount, the SBA guaranteed $33,500.

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. This SBA loan request indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Wheatland MO, you ought to talk with a local Wheatland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wheatland businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Of Urbana 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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Urbana, Missouri

Getting an SBA Loan in Missouri