California Entrepreneur Secures Financing to Buy Arco gas Station Franchise

Need money to invest in an Arco gas Station franchise? East West Bank, A Division Of has a history of making these loans and they are guaranteed by the SBA.

Arco gas Station franchise loans are available to Romoland (ethanac), California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, East West Bank, A Division Of, based in Victorville, California, issued an SBA franchise loan for an Arco gas Station franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

CENTURY RETAIL INC
ROMOLAND (ETHANAC), CA 92585

SBA Loan Lender

EAST WEST BANK, A DIVISION OF
12530 HESPERIA RD, STE 101
VICTORVILLE, CA 92392

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

11/21/2000

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Arco gas Station franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the borrowed money would help generate 7 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like East West Bank, A Division Of and they will explain how you can get an SBA loan for your company.

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 Incubators

SBA Banks in Victorville, California

SBA Participating Banks in California