Get an SBA Loan for General Line Grocery Wholesalers

With these small business loans for general line grocery wholesalers, the SBA guarantees the lender that the loan will be repaid. This general line grocery wholesalers loan for $203,700 was given to an Arkansas entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Dewitt, Arkansas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First Bank - Delta, based in West Helena, Arkansas.

SBA Loan Borrower

COMPANY TYPE: GROCERIES, GENERAL LINE
DEWITT, AR 72042

SBA Loan Lender

FIRST BANK - DELTA
425 E PLAZA ST
WEST HELENA, AR 72390

This commercial 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.

SIC Code

5141 - Groceries, General Line

NAICS Code

422410 - General Line Grocery Wholesalers

Loan Approval Date

7/20/2000

Loan Approval Gross Amount

$203,700

Loan Approval from the SBA

Of the total $203,700 loan amount, the SBA guaranteed $152,775.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Bank - Delta 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:

VC Firms on Twitter

Small Business Banks in West Helena, Arkansas

SBA Lenders in Arkansas