Loans for Supermarkets and Grocery Stores

Looking for loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $160,000 supermarkets and grocery stores loan was issued by a South Dakota bank.

This company knew how to go about getting a business bank loan. Based in Belvidere, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First Fidelity Bank, based in Burke, South Dakota.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
BELVIDERE, SD 57521

SBA Loan Lender

FIRST FIDELITY BANK
745 MAIN ST
BURKE, SD 57523

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.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

4/20/2007

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $120,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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