How to Get a Loan for Supermarkets and Grocery Stores

Looking for commercial loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $80,000 supermarkets and grocery stores loan was issued by a Nebraska bank.

This small business knew how to go about getting a business bank loan. Based in Orleans, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Peoples-Webster County Bank, based in Red Cloud, Nebraska.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
ORLEANS, NE 68966

SBA Loan Lender

PEOPLES-WEBSTER COUNTY BANK
126 W 4TH ST
RED CLOUD, NE 68970

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.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

4/12/2005

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Orleans NE, you ought to talk with a local Orleans SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orleans businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Peoples-Webster County Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Peoples-Webster County Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Realistic Debt Financing Options

SBA Participating Banks in Red Cloud, Nebraska

Nebraska SBA Banks