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May 4, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Borrego Springs, Business Loans > Borrego Springs Bank Borrego Springs Business Loans > Gasoline Stations Loan | ||||
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Tips for Business Owners On Getting a Loan
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Commercial Loans for Gasoline StationsLooking for commercial loans for gasoline stations? The SBA may be the answer. This $1,250,100 gasoline stations loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Holladay, Tennessee was able to borrow $1,250,100 from Borrego Springs Bank. The SBA made the loan possible by guaranteeing $893,821 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS SBA Loan Lender BORREGO SPRINGS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447190 - Gasoline Stations Loan Approval Date 9/25/2001 Loan Approval Gross Amount $1,250,100 Loan Approval from the SBA Of the total $1,250,100 loan amount, the SBA guaranteed $893,821. 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 43 employees. The SBA loan application for the borrower indicated that the loan would help retain 56 existing jobs. Getting an SBA Loan For Your Business 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Best Banks in Borrego Springs, California
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