Commercial Loans for Food Supplement Stores

Looking for commercial loans for food supplement stores? Try the SBA. This $110,000 food supplement stores loan was issued by a North Carolina bank.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Asheville Savings Bank, S.S.B., out of Asheville, North Carolina. The loan was granted and they received $110,000 to help grow their Hendersonville, North Carolina business.

SBA Loan Borrower

COMPANY TYPE: FOOD STORES
HENDERSONVILLE, NC 28792

SBA Loan Lender

ASHEVILLE SAVINGS BANK, S.S.B.
11 CHURCH ST
ASHEVILLE, NC 28802

This lender issued this particular loan 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.

SIC Code

5499 - Food Stores

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

6/12/2002

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

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 6 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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