Where to Get Capital for Supermarkets and Grocery Stores
Looking for small business loans for supermarkets and grocery stores? The SBA may be the answer. This $1,208,000 supermarkets and grocery stores loan was issued by a Wisconsin bank.
This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Associated Bank, out of Appleton, Wisconsin. The loan was granted and they received $1,208,000 to help grow their Burlington, Iowa business.
SBA Loan Borrower
COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
BURLINGTON, IA 52601
SBA Loan Lender
ASSOCIATED BANK
W3122 COUNTY RD KK
APPLETON, WI 54915
This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445110 - Supermarkets and Grocery Stores
Loan Approval Date
6/30/2005
Loan Approval Gross Amount
$1,208,000
Loan Approval from the SBA
Of the total $1,208,000 loan amount, the SBA guaranteed $906,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 45 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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:
Financing Your Business
Small Bank Loans in Appleton, Wisconsin
Wisconsin SBA 7A Lenders