Loans for General Line Grocery Merchant Wholesalers

With these loans for general line grocery merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This general line grocery merchant wholesalers loan for $1,480,000 was given to a Michigan entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Fraser, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Comerica Bank, based in Dallas, Texas.

SBA Loan Borrower

COMPANY TYPE: GENERAL LINE GROCERY MERCHANT WHOLESALERS
Fraser, MI 48026

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424410 - General Line Grocery Merchant Wholesalers

Loan Approval Date

8/22/2007

Loan Approval Gross Amount

$1,480,000

Loan Approval from the SBA

Of the total $1,480,000 loan amount, the SBA guaranteed $1,110,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 21 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,480,000 loan. Remember, you control your own destiny.

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

SBA Approved Banks in Dallas, Texas

Browse All Business Loan Sources for Texas