Supermarkets and Grocery Stores Loans

Looking for loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $1,950,000 supermarkets and grocery stores loan was issued by an Illinois bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Plaza Bank, out of Norridge, Illinois. The loan was granted and they received $1,950,000 to help grow their Chicago, Illinois business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
CHICAGO, IL 60626

SBA Loan Lender

PLAZA BANK
7460 W IRVING PARK RD
NORRIDGE, IL 60706

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

9/9/2004

Loan Approval Gross Amount

$1,950,000

Loan Approval from the SBA

Of the total $1,950,000 loan amount, the SBA guaranteed $1,462,500.

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 12 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

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.

This SBA loan was for $1,950,000. How would you spend $1,950,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Friends and Family Network

Best Norridge, Illinois Banks for Small Business

Illinois SBA Bank Lenders