Small Business Loans for Supermarkets and Grocery Stores

Looking for small business loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $700,000 supermarkets and grocery stores loan was issued by a District of Columbia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mechanicsburg, Pennsylvania was able to borrow $700,000 from Ncb Financial Corporation. The SBA made the loan possible by guaranteeing $525,000 of this Pennsylvania small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERIES, GENERAL LINE
MECHANICSBURG, PA 17055

SBA Loan Lender

NCB FINANCIAL CORPORATION
601 PENNSYLVANIA AVE NW
WASHINGTON, DC 20004

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 American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5141 - Groceries, General Line

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

12/21/2005

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

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 100 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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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