Temecula, California Lender Lends Money to Exxon 79th Street

Thinking about meeting with a Temecula, California bank about an SBA loan? Here's one Florida business loan, issued by a Temecula bank, that was approved by the SBA.

Applying for an SBA loan with Temecula Valley Bank worked out well for our friends at Exxon 79th Street in Miami, Florida. The business was able to get an SBA loan for $1,330,000. Way to go!

SBA Loan Borrower

EXXON 79TH STREET
690 NW 79TH ST
MIAMI, FL 33150

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

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

9/15/2003

Loan Approval Gross Amount

$1,330,000

Loan Approval from the SBA

Of the total $1,330,000 loan amount, the SBA guaranteed $997,500.

More Information on This SBA Loan

The borrower, Exxon 79th Street, 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 7 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to Exxon 79th Street to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

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

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