Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

SBA Franchise Lenders in California

 

 
Loan Census SBA Loan Info

Loan to Buy Texaco Service Station Franchise Issued By Neighborhood National Bank

Need money to purchase a Texaco Service Station franchise? Neighborhood National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Texaco Service Station franchise is doable. In 2002, Neighborhood National Bank issued an SBA franchise loan to an entrepreneur in El Cajon, California. Because Texaco Service Station was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

FLETCHER HILLS UNOCAL 76
EL CAJON, CA 92020

SBA Loan Lender

NEIGHBORHOOD NATIONAL BANK
3511 NATIONAL AVE
SAN DIEGO, CA 92113

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/29/2002

Loan Approval Gross Amount

$251,600

Loan Approval from the SBA

Of the total $251,600 loan amount, the SBA guaranteed $188,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Texaco Service Station franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $251,600 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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