Supermarkets and Grocery Stores Commercial Loans

Looking for commercial loans for supermarkets and grocery stores? The SBA may be the answer. This $176,000 supermarkets and grocery stores loan was issued by a Texas bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Comerica Bank, out of Dallas, Texas. The loan was granted and they received $176,000 to help grow their Modesto, California business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
MODESTO, CA 95354

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

10/16/2003

Loan Approval Gross Amount

$176,000

Loan Approval from the SBA

Of the total $176,000 loan amount, the SBA guaranteed $132,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The loan application did not indicate that the SBA funding recipient 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 business in Modesto CA, you ought to talk with a local Modesto SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Modesto businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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