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May 3, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Knoxville, Business Loans > Community So. Bank D.B.A Commun Knoxville Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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We Needed a Small Business Loan in Gaston, South Carolina and We Got One!
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Borrowing Money for Gasoline Stations with Convenience StoresLooking for loans for gasoline stations with convenience stores? Talk to a banker who works with the SBA. This $1,222,000 gasoline stations with convenience stores loan was issued by a Tennessee bank. This small firm knew how to go about getting a business bank loan. Based in Gaston, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community So. Bank D.B.A Commun, based in Knoxville, Tennessee. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender COMMUNITY SO. BANK D.B.A COMMUN This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 9/27/2007 Loan Approval Gross Amount $1,222,000 Loan Approval from the SBA Of the total $1,222,000 loan amount, the SBA guaranteed $916,500. 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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community So. Bank D.B.A Commun had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community So. Bank D.B.A Commun made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Getting Venture Capital SBA 7A Banks for Knoxville, Tennessee Loans Getting an SBA Loan in Tennessee
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