Get an SBA Loan for Supermarkets and Grocery Stores
Looking for loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $78,500 supermarkets and grocery stores loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bronx, New York was able to borrow $78,500 from Citibank. The SBA made the loan possible by guaranteeing $39,250 of this New York small business loan.
SBA Loan Borrower
COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
BRONX, NY 10452
SBA Loan Lender
CITIBANK
1 COURT SQ
NEW YORK CITY, NY 11120
This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
8/1/2006
Loan Approval Gross Amount
$78,500
Loan Approval from the SBA
Of the total $78,500 loan amount, the SBA guaranteed $39,250.
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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citibank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:
Alternative Financing
SBA 7A Banks for New York City, New York Loans
New York SBA 7A Lenders