Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

How Do We Get a Business Loan in New Port Richey, Florida?

 

 
Loan Census SBA Loan Info

Loans for Convenience Stores

Looking for loans for convenience stores? Try the SBA. This $67,800 convenience stores loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Port Richey, Florida was able to borrow $67,800 from California Bank & Trust. The SBA made the loan possible by guaranteeing $33,900 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
New Port Richey, FL 34653

SBA Loan Lender

CALIFORNIA BANK & TRUST
11622 EL CAMINO REAL, STE 200
SAN DIEGO, CA 92130

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

11/27/2006

Loan Approval Gross Amount

$67,800

Loan Approval from the SBA

Of the total $67,800 loan amount, the SBA guaranteed $33,900.

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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like California Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

Alternative Financing

Find an SBA Lender in San Diego, California

Getting a Business Loan in California