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April 24, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Longwood, Business Loans > Orlando National Bank Longwood Business Loans > Military Sunoco Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Sunoco Service Station FranchiseNeed money to buy a Sunoco Service Station franchise? Orlando National Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Sunoco Service Station franchise? If so, here's a 2006 SBA franchise loan that you should know about. Orlando National Bank was the lender and the entrepreneur was based in West Palm Beach, Florida. SBA Loan Borrower MILITARY SUNOCO SBA Loan Lender ORLANDO NATIONAL BANK 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 6/1/2006 Loan Approval Gross Amount $1,099,000 Loan Approval from the SBA Of the total $1,099,000 loan amount, the SBA guaranteed $824,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sunoco Service Station franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Best Banks for Small Business in Longwood, Florida
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