SBA Loans for Gasoline Stations with Convenience Stores

Looking for SBA loans for gasoline stations with convenience stores? Try the SBA. This $535,000 gasoline stations with convenience stores loan was issued by a Delaware bank.

This small business knew how to go about getting a business bank loan. Based in Yeadon, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Preferred Capital Bidco, Inc., based in Wilmington, Delaware.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
YEADON, PA 19020

SBA Loan Lender

PREFERRED CAPITAL BIDCO, INC.
300 DELAWARE AVENUE, SUITE 13
WILMINGTON, DE 19801

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/19/2005

Loan Approval Gross Amount

$535,000

Loan Approval from the SBA

Of the total $535,000 loan amount, the SBA guaranteed $401,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Preferred Capital Bidco, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Preferred Capital Bidco, Inc. 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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