Financing for Supermarkets and Grocery Stores

Looking for loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $1,800,000 supermarkets and grocery stores loan was issued by a Minnesota bank.

Getting a small business loan in Mound, Minnesota was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Crow River State Bank, operating out of Mound, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
MOUND, MN 55364

SBA Loan Lender

CROW RIVER STATE BANK
2290 COMMERCE BLVD
MOUND, MN 55364

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

4/22/2002

Loan Approval Gross Amount

$1,800,000

Loan Approval from the SBA

Of the total $1,800,000 loan amount, the SBA guaranteed $990,000.

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 61 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Mound MN, you ought to talk with a local Mound SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mound businesses.

We can help you find the best banks for small businesses in Mound or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Minnesota SBA 7A Lenders