Hawley, TX Entrepreneur Gets SBA Loan to Buy Conoco Service Station Franchise

Need money to buy a Conoco Service Station franchise? Hamlin National Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Hawley, Texas needed money to invest in a Conoco Service Station franchise back in 2000. Hamlin National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

KENRON INC
HAWLEY, TX 79525

SBA Loan Lender

HAMLIN NATIONAL BANK
210 AVENUE E
HAWLEY, TX 79525

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

6/22/2000

Loan Approval Gross Amount

$796,350

Loan Approval from the SBA

Of the total $796,350 loan amount, the SBA guaranteed $597,263.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Conoco Service Station franchise. 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 funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We've showcased information on this loan to let you know that businesses like yours 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:

Conoco Service Station

Small Business Credit Cards

SBA Participating Banks in Hawley, Texas

Texas SBA 7A Lenders