Where to Get Capital for Crude Petroleum and Natural Gas

Looking for small business loans for crude petroleum and natural gas? An SBA loan may be just what you've been looking for. This $123,000 crude petroleum and natural gas loan was issued by an Ohio bank.

This company knew how to go about getting a business bank loan. Based in Youngstown, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Farmers National Bank - Canfield, based in Canfield, Ohio.

SBA Loan Borrower

COMPANY TYPE: CRUDE PETROLEUM AND NATURAL GAS
YOUNGSTOWN, OH 44509

SBA Loan Lender

FARMERS NATIONAL BANK - CANFIELD
20 S BROAD ST
CANFIELD, OH 44406

This loan for a small business 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

211111 - Crude Petroleum and Natural Gas

Loan Approval Date

5/23/2003

Loan Approval Gross Amount

$123,000

Loan Approval from the SBA

Of the total $123,000 loan amount, the SBA guaranteed $92,250.

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 22 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

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SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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