Where to Get Capital for Gasoline Stations with Convenience Stores

Looking for small business loans for gasoline stations with convenience stores? Talk to a banker who works with the SBA. This $125,000 gasoline stations with convenience stores loan was issued by a Texas bank.

Express Mart 1 received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Star Bank, S.S.B., out of Bremond, Texas. The loan was granted and they received $125,000 to help grow their Austin, Texas business.

SBA Loan Borrower

EXPRESS MART 1
11300 IH35N
AUSTIN, TX 78731

SBA Loan Lender

FIRST STAR BANK, S.S.B.
109 S COMMERCE ST
BREMOND, TX 76629

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

3/22/2005

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower, Express Mart 1, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 6/30/2006.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this Express Mart 1 loan from First Star Bank, S.S.B. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Obtaining Funding - Getting Venture Capital

SBA Banks in Bremond, Texas

SBA Lenders in Texas

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