Where to Get Capital for Gasoline Stations with Convenience Stores

Looking for SBA loans for gasoline stations with convenience stores? Try the SBA. This $240,300 gasoline stations with convenience stores loan was issued by a Kentucky bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Traditional Bank, Inc., out of Mount Sterling, Kentucky. The loan was granted and they received $240,300 to help grow their North Middletown, Kentucky business.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
NORTH MIDDLETOWN, KY 40357

SBA Loan Lender

TRADITIONAL BANK, INC.
49 W MAIN ST
MOUNT STERLING, KY 40353

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

1/31/2006

Loan Approval Gross Amount

$240,300

Loan Approval from the SBA

Of the total $240,300 loan amount, the SBA guaranteed $180,225.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

SBA 7A Banks in Mount Sterling, Kentucky

Kentucky SBA 7A Lenders