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January 21, 2025 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Spanish Fork, Business Loans > Central Bank Spanish Fork Business Loans > Supermarkets And Grocery Stores Loan | ||||
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We Needed an SBA Loan in Provo, Utah and We Got One!
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Supermarkets and Grocery Stores SBA LoansLooking for SBA loans for supermarkets and grocery stores? The SBA may be the answer. This $31,000 supermarkets and grocery stores loan was issued by an Utah bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Central Bank, out of Spanish Fork, Utah. The loan was granted and they received $31,000 to help grow their Provo, Utah business. SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender CENTRAL BANK 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 9/21/2001 Loan Approval Gross Amount $31,000 Loan Approval from the SBA Of the total $31,000 loan amount, the SBA guaranteed $26,350. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Where to Get an SBA Loan in Spanish Fork, Utah
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