Pensacola, Florida Lender Lends Money to Gasoline Service Stations Company
Get to know Pensacola, Florida banks that specialize in SBA loans and know how to work with entrepreneurs. Bank Of Pensacola is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Elberta, Alabama starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Bank Of Pensacola. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: GASOLINE SERVICE STATIONS
ELBERTA, AL 36530
SBA Loan Lender
BANK OF PENSACOLA
125 W ROMANA ST
PENSACOLA, FL 32502
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
5541 - Gasoline Service Stations
447110 - Gasoline Stations with Convenience Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $886,000 loan amount, the SBA guaranteed $664,500.
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 10 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
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.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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