Ashland, Kentucky Business Gets SBA-Guaranteed Funding from Mission Oaks National Bank

An SBA loan from Mission Oaks National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ashland, Kentucky business owner got a $582,300 loan.

This small firm knew how to go about getting a business bank loan. Based in Ashland, Kentucky, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Mission Oaks National Bank, based in Temecula, California.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
ASHLAND, KY 41101

SBA Loan Lender

MISSION OAKS NATIONAL BANK
41530 ENTERPRISE CIR, STE 100
TEMECULA, CA 92590

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/30/2006

Loan Approval Gross Amount

$582,300

Loan Approval from the SBA

Of the total $582,300 loan amount, the SBA guaranteed $436,725.

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 application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Mission Oaks National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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