Getting an SBA Loan for General Merchandise Stores

Looking for business loans for general merchandise stores? Talk to a banker who works with the SBA. This $100,000 general merchandise stores loan was issued by a Massachusetts bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bankfive, out of Fall River, Massachusetts. The loan was granted and they received $100,000 to help grow their Fall River, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
FALL RIVER, MA 02723

SBA Loan Lender

BANKFIVE
79 N MAIN ST
FALL RIVER, MA 02720

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

4/8/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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