Get an SBA Loan for Supermarkets and Grocery Stores

Looking for small business loans for supermarkets and grocery stores? The SBA may be the answer. This $90,000 supermarkets and grocery stores loan was issued by an Iowa bank.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Farmers Savings Bank, out of Keota, Iowa. The loan was granted and they received $90,000 to help grow their Keota, Iowa business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
KEOTA, IA 52248

SBA Loan Lender

FARMERS SAVINGS BANK
225 E BROADWAY
KEOTA, IA 52248

This lender issued this particular business 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.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

7/18/2003

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Farmers Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Incubators

Who Lends Money to Small Businesses in Keota, Iowa

Iowa SBA Bank Lenders