Borrowing Money for Supermarkets and Grocery Stores

Looking for small business loans for supermarkets and grocery stores? Try the SBA. This $170,000 supermarkets and grocery stores loan was issued by a South Dakota bank.

Getting a small business loan in Humboldt, South Dakota was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Farmers State Bank, operating out of Humboldt, South Dakota. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
HUMBOLDT, SD 57035

SBA Loan Lender

FARMERS STATE BANK
1003 W 2ND AVE
HUMBOLDT, SD 57035

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

5/4/2005

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $127,500.

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 business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding.

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.

Related Links:

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Small Business Banks in Humboldt, South Dakota

Getting a Business Loan in South Dakota