Supermarkets and Grocery Stores Business Loans

Looking for business loans for supermarkets and grocery stores? The SBA may be the answer. This $550,000 supermarkets and grocery stores loan was issued by a California bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Bank - Santa Clara A Division, out of Santa Clara, California. The loan was granted and they received $550,000 to help grow their Gilroy, California business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
GILROY, CA 95020

SBA Loan Lender

BANK - SANTA CLARA A DIVISION
1995 EL CAMINO REAL
SANTA CLARA, CA 95050

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

9/6/2001

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

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 27 employees. The loan application indicated that the funding would help generate 40 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank - Santa Clara A Division and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

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Banks in Santa Clara, California

Where to Get an SBA Loan California