Loan Census Banking News and Information
February 4, 2023  
 
 
  Business Loan Information  
 

SBA Lenders in Massachusetts

 

 
Loan Census SBA Loan Info

Where to Get Capital for Convenience Stores

Looking for small business loans for convenience stores? Talk to a banker who works with the SBA. This $360,200 convenience stores loan was issued by a California bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Temecula Valley Bank, out of Temecula, California. The loan was granted and they received $360,200 to help grow their Lawrence, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
Lawrence, MA 01841

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

6/25/2007

Loan Approval Gross Amount

$360,200

Loan Approval from the SBA

Of the total $360,200 loan amount, the SBA guaranteed $270,150.

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 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Temecula Valley 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.

Related Links:

Business Cash Advances

Best Banks in Temecula, California

SBA Participating Banks in California