SBA Loans for Supermarkets and Grocery Stores

Looking for SBA loans for supermarkets and grocery stores? Try the SBA. This $99,800 supermarkets and grocery stores loan was issued by a Maine bank.

Getting a small business loan in Portsmouth, New Hampshire was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Kennebunk Savings Bank, operating out of Kennebunk, Maine. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
PORTSMOUTH, NH 03801

SBA Loan Lender

KENNEBUNK SAVINGS BANK
104 MAIN ST
KENNEBUNK, ME 04043

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

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

6/23/2005

Loan Approval Gross Amount

$99,800

Loan Approval from the SBA

Of the total $99,800 loan amount, the SBA guaranteed $74,850.

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 45 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Kennebunk Savings Bank and they will explain how you can get an SBA loan for your company.

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:

Accountant's Role in Securing Financing

SBA Participating Banks in Kennebunk, Maine

Where to Get an SBA Loan Maine