Commercial Loans for Supermarkets and Grocery Stores

With these commercial loans for supermarkets and grocery stores, the SBA guarantees the lender that the loan will be repaid. This supermarkets and grocery stores loan for $1,024,000 was given to a Kansas entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Osawatomie, Kansas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Option Bank, based in Osawatomie, Kansas.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
OSAWATOMIE, KS 66064

SBA Loan Lender

FIRST OPTION BANK
601 MAIN ST
OSAWATOMIE, KS 66064

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

11/14/2003

Loan Approval Gross Amount

$1,024,000

Loan Approval from the SBA

Of the total $1,024,000 loan amount, the SBA guaranteed $768,000.

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 35 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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