Raising Money for Petroleum and Petroleum Products Wholesalers

Looking for bank loans for petroleum and petroleum products wholesalers? Talk to a banker who works with the SBA. This $109,000 petroleum and petroleum products wholesalers loan was issued by a Florida bank.

Getting a small business loan in Lake Worth, Florida was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Leumi Usa, operating out of Boca Raton, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS
LAKE WORTH, FL 33463

SBA Loan Lender

BANK LEUMI USA
5295 TOWN CTR RD
BOCA RATON, FL 33486

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5172 - Petroleum and Petroleum Products

NAICS Code

422720 - Petroleum and Petroleum Products Wholesalers

Loan Approval Date

5/3/2000

Loan Approval Gross Amount

$109,000

Loan Approval from the SBA

Of the total $109,000 loan amount, the SBA guaranteed $81,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Lake Worth FL, you ought to talk with a local Lake Worth SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lake Worth businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Leumi Usa had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Leumi Usa made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Getting a Small Business Loan

Best Banks in Boca Raton, Florida

SBA Lenders in Florida