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May 5, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Beverly, Business Loans > Beverly Co-Operative Bank Beverly Business Loans > Gasoline Stations Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Raising Money for Gasoline StationsLooking for business loans for gasoline stations? Try the SBA. This $476,000 gasoline stations loan was issued by a Massachusetts bank. This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Beverly Co-Operative Bank, out of Beverly, Massachusetts. The loan was granted and they received $476,000 to help grow their Beverly, Massachusetts business. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS SBA Loan Lender BEVERLY CO-OPERATIVE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447190 - Gasoline Stations Loan Approval Date 2/16/2007 Loan Approval Gross Amount $476,000 Loan Approval from the SBA Of the total $476,000 loan amount, the SBA guaranteed $357,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the company promised 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. We can help you find the best banks for small businesses in Beverly or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Advice on Getting a Small Business Loan SBA Participating Banks in Beverly, Massachusetts
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