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May 1, 2024 |
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| Home > Small Business Lenders by State > Idaho 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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Banks in San Diego, California That Make SBA Loans
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San Diego, California Bank Lends Money to Gasoline Stations With Convenience Stores Company in Rathdrum, IdahoA San Diego, California SBA loan can be yours. Learn how a company got a $398,000 business loan from this California bank. This loan to a local firm is a good example of an SBA loan. U.S. Bank National Association made the loan and the SBA guaranteed a portion of the loan. Many other Idaho entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 11/8/2005 Loan Approval Gross Amount $398,000 Loan Approval from the SBA Of the total $398,000 loan amount, the SBA guaranteed $298,500. 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 5 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into U.S. Bank National Association and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 - How to Borrow Money Best San Diego, California Banks for Small Business Getting an SBA Loan in California
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