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April 20, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Downey, Business Loans > Banco Popular North America Downey Business Loans > Gasoline Service Stations Loan | ||||
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Westmoreland, California Bank Loan
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Get an SBA Loan for Gasoline Stations with Convenience StoresLooking for small business loans for gasoline stations with convenience stores? The SBA may be the answer. This $580,000 gasoline stations with convenience stores loan was issued by a California bank. This company knew how to go about getting a business bank loan. Based in Westmoreland, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Banco Popular North America, based in Downey, California. SBA Loan Borrower COMPANY TYPE: GASOLINE SERVICE STATIONS SBA Loan Lender BANCO POPULAR NORTH AMERICA At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 4/20/2004 Loan Approval Gross Amount $580,000 Loan Approval from the SBA Of the total $580,000 loan amount, the SBA guaranteed $435,000. 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 13 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Westmoreland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Advice on Getting a Small Business Loan SBA Banks in Downey, California
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