Commercial Loans for Gasoline Stations with Convenience Stores
With these commercial loans for gasoline stations with convenience stores, the SBA guarantees the lender that the loan will be repaid. This gasoline stations with convenience stores loan for $1,247,000 was given to a Florida entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $1,247,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $935,250 of this Florida small business loan.
SBA Loan Borrower
MIAMI LAKES CHEVRON
7375 MIAMI LAKES DR
MIAMI, FL 33014
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
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
10/8/2003
Loan Approval Gross Amount
$1,247,000
Loan Approval from the SBA
Of the total $1,247,000 loan amount, the SBA guaranteed $935,250.
More Information on This SBA Loan
The borrower, Miami Lakes Chevron, 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 generate 2 new jobs and retain 8 existing jobs. This loan was paid in full, and was closed out on 7/27/2005.
Next Steps for Getting an SBA Loan
If you are raising money in Miami FL, you ought to talk with a local Miami SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Miami businesses.
Miami Lakes Chevron got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Obtaining Funding From a Venture Capitalist
Where to Get an SBA Loan in New York, New York
Getting a Business Loan in New York
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