Financing for Supermarkets and Grocery Stores

Looking for loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $950,000 supermarkets and grocery stores loan was issued by a California bank.

This small firm knew how to go about getting a business bank loan. Based in Oliverhurst, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Comerica Bank, based in Sacramento, California.

SBA Loan Borrower

COMPANY TYPE: GROCERIES, GENERAL LINE
OLIVERHURST, CA 95961

SBA Loan Lender

COMERICA BANK
455 CAPITAL MALL, STE 115
SACRAMENTO, CA 95814

This debt financing was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and are well trained in SBA lending rules and regulations.

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

8/16/2004

Loan Approval Gross Amount

$950,000

Loan Approval from the SBA

Of the total $950,000 loan amount, the SBA guaranteed $712,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Oliverhurst 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.

Related Links:

Angel Investors

SBA Participating Banks in Sacramento, California

Getting a Business Loan in California