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May 16, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Martins Ferry, Business Loans > The Citizens Savings Bank Martins Ferry Business Loans > Gasoline Stations Loan | ||||
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Gasoline Stations Bank LoansLooking for bank loans for gasoline stations? The SBA may be the answer. This $200,000 gasoline stations loan was issued by an Ohio bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bridgeport, Ohio was able to borrow $200,000 from The Citizens Savings Bank. The SBA made the loan possible by guaranteeing $100,000 of this Ohio small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS SBA Loan Lender THE CITIZENS SAVINGS BANK 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. NAICS Code 447190 - Gasoline Stations Loan Approval Date 7/19/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Participating Banks in Martins Ferry, Ohio
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