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April 25, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Shreenath Hospitaility, LLC Loan | ||||
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Best Banks for Kokomo Franchise Buyers
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Indiana Entrepreneur Secures Financing to Buy Shell Service Station FranchiseNeed a loan to invest in a Shell Service Station franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Shell Service Station franchise? If so, here's a 2003 SBA franchise loan that you should know about. Temecula Valley Bank was the lender and the entrepreneur was based in Kokomo, Indiana. SBA Loan Borrower SHREENATH HOSPITAILITY, LLC SBA Loan Lender TEMECULA VALLEY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 12/5/2003 Loan Approval Gross Amount $980,000 Loan Approval from the SBA Of the total $980,000 loan amount, the SBA guaranteed $735,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Shell Service Station franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Best Banks in Temecula, California
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