Bank Loans for Supermarkets and Grocery Stores

With these bank loans for supermarkets and grocery stores, the SBA guarantees the lender that the loan will be repaid. This supermarkets and grocery stores loan for $444,000 was given to an Oklahoma entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Alva, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Alva St. Bank & Trust, based in Alva, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: GROCERIES AND RELATED PRODUCTS
ALVA, OK 73717

SBA Loan Lender

ALVA ST. BANK & TRUST
518 COLLEGE AVE
ALVA, OK 73717

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5149 - Groceries and Related Products

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

3/19/2004

Loan Approval Gross Amount

$444,000

Loan Approval from the SBA

Of the total $444,000 loan amount, the SBA guaranteed $333,000.

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 25 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for a small 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 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 Loan

Where to Get an SBA Loan in Alva, Oklahoma

SBA Oklahoma Lenders