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 $82,782 supermarkets and grocery stores loan was issued by a Nebraska bank.

Getting a small business loan in Kyle, South Dakota was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Security First Bank, operating out of Lincoln, Nebraska. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
KYLE, SD 57752

SBA Loan Lender

SECURITY FIRST BANK
5710 S 53RD ST
LINCOLN, NE 68516

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

5/17/2007

Loan Approval Gross Amount

$82,782

Loan Approval from the SBA

Of the total $82,782 loan amount, the SBA guaranteed $41,391.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 20 employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

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 Security First Bank 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.

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