Where to Get Capital for Gasoline Stations with Convenience Stores

Looking for small business loans for gasoline stations with convenience stores? Try the SBA. This $882,575 gasoline stations with convenience stores loan was issued by a South Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Huron, South Dakota was able to borrow $882,575 from Dakotaland Fcu. The SBA made the loan possible by guaranteeing $661,931 of this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
HURON, SD 57350

SBA Loan Lender

DAKOTALAND FCU
1371 DAKOTA AVE SOUTH
HURON, SD 57350

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started 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.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

12/4/2003

Loan Approval Gross Amount

$882,575

Loan Approval from the SBA

Of the total $882,575 loan amount, the SBA guaranteed $661,931.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

While you may be able to find other ways to get money to start a business, 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.

Related Links:

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Best Huron, South Dakota Banks for Small Business

SBA Lenders in South Dakota