Specialty Food Stores Small Business Loans

Looking for small business loans for specialty food stores? The SBA may be the answer. This $50,000 specialty food stores loan was issued by a Minnesota bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Beacon Bank, out of Duluth, Minnesota. The loan was granted and they received $50,000 to help grow their Duluth, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
DULUTH, MN 55811

SBA Loan Lender

BEACON BANK
401 W SUPERIOR ST
DULUTH, MN 55802

This 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

445299 - Specialty Food Stores

Loan Approval Date

10/31/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 10 employees. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Beacon Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Getting a Small Business Loan

SBA Banks in Duluth, Minnesota

SBA Lenders in Minnesota