Specialty Food Stores Commercial Loans

Looking for commercial loans for specialty food stores? The SBA may be the answer. This $263,960 specialty food stores loan was issued by a Maryland bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Sandy Spring Bank, out of Olney, Maryland. The loan was granted and they received $263,960 to help grow their Annapolis, Maryland business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
ANNAPOLIS, MD 21401

SBA Loan Lender

SANDY SPRING BANK
17801 GEORGIA AVE
OLNEY, MD 20832

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

10/24/2003

Loan Approval Gross Amount

$263,960

Loan Approval from the SBA

Of the total $263,960 loan amount, the SBA guaranteed $197,970.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to 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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? 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:

Debt Financing

Small Bank Loans in Olney, Maryland

Maryland SBA 7A Lenders