Supermarkets and Grocery Stores Bank Loans

Looking for bank loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $10,000 supermarkets and grocery stores loan was issued by a Massachusetts bank.

This small firm knew how to go about getting a business bank loan. Based in Albany, New York, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Berkshire Bank, based in Pittsfield, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
ALBANY, NY 12203

SBA Loan Lender

BERKSHIRE BANK
24 NORTH ST
PITTSFIELD, MA 01201

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

1/24/2008

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower 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 indicated that the loan would help retain 3 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Berkshire Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Berkshire Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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SBA Approved Banks in Pittsfield, Massachusetts

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