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May 4, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Gasoline Stations with Convenience Stores Small Business LoansLooking for small business loans for gasoline stations with convenience stores? The SBA may be the answer. This $1,200,000 gasoline stations with convenience stores loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waverly, Tennessee was able to borrow $1,200,000 from California Bank & Trust. The SBA made the loan possible by guaranteeing $900,000 of this Tennessee small business loan. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 8/12/2005 Loan Approval Gross Amount $1,200,000 Loan Approval from the SBA Of the total $1,200,000 loan amount, the SBA guaranteed $900,000. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like California Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Participating Banks in Sacramento, California Find an SBA Lender in California
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