Business Loans for Specialty Food Stores

Looking for business loans for specialty food stores? The SBA may be the answer. This $68,600 specialty food stores loan was issued by a Texas bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Finan Bank, out of Abilene, Texas. The loan was granted and they received $68,600 to help grow their Abilene, Texas business.

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCTS STORES
ABILENE, TX 79602

SBA Loan Lender

FIRST FINAN BANK
400 PINE ST
ABILENE, TX 79601

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5451 - Dairy Products Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

7/17/2003

Loan Approval Gross Amount

$68,600

Loan Approval from the SBA

Of the total $68,600 loan amount, the SBA guaranteed $58,310.

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 6 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Credit Cards

SBA 7A Banks for Abilene, Texas Loans

Getting a Business Loan in Texas