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May 1, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Small Business Loans from U.S. Bank National Association
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SBA Loan from U.S. Bank National Association Helps Gasoline Stations With Convenience Stores CompanyAn SBA loan from U.S. Bank National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lakeville, Minnesota business owner got a $1,232,200 loan. Getting a small business loan in Lakeville, Minnesota was an essential business goal for this firm back in 2008 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association, operating out of San Diego, California. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 1/17/2008 Loan Approval Gross Amount $1,232,200 Loan Approval from the SBA Of the total $1,232,200 loan amount, the SBA guaranteed $924,150. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $1,232,200 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. Related Links: Realistic Debt Financing Options Small Business Banks in San Diego, California Where to Get an SBA Loan California
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