Grocery and Related Products Merchant Wholesalers Business Loans

With these business loans for grocery and related products merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This grocery and related products merchant wholesalers loan for $201,000 was given to a Texas entrepreneur in 2003.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Banco Popular North America, out of Houston, Texas. The loan was granted and they received $201,000 to help grow their Fort Worth, Texas business.

SBA Loan Borrower

COMPANY TYPE: GROCERIES AND RELATED PRODUCTS
FORT WORTH, TX 76102

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
9413 JENSEN
HOUSTON, TX 77093

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5149 - Groceries and Related Products

NAICS Code

424490 - Grocery and Related Products Merchant Wholesalers

Loan Approval Date

8/29/2003

Loan Approval Gross Amount

$201,000

Loan Approval from the SBA

Of the total $201,000 loan amount, the SBA guaranteed $150,750.

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 11 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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