Commercial Loans for Supermarkets and Grocery Stores

Looking for commercial loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $133,900 supermarkets and grocery stores loan was issued by a Mississippi bank.

Getting a small business loan in Nettleton, Mississippi was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Cadence Bank, operating out of Amory, Mississippi. Here are the details on this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
NETTLETON, MS 38858

SBA Loan Lender

CADENCE BANK
110 3RD ST NORTH
AMORY, MS 38821

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

1/28/2000

Loan Approval Gross Amount

$133,900

Loan Approval from the SBA

Of the total $133,900 loan amount, the SBA guaranteed $100,425.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $133,900. How would you spend $133,900 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Bank Credit Lines

SBA Participating Banks in Amory, Mississippi

Browse All Business Loan Sources for Mississippi