Small Business Loans for Supermarkets and Grocery Stores

Looking for small business loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $556,243 supermarkets and grocery stores loan was issued by a Mississippi bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First State Bank, out of Waynesboro, Mississippi. The loan was granted and they received $556,243 to help grow their Richton, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
RICHTON, MS 39476

SBA Loan Lender

FIRST STATE BANK
708 AZALEA DR
WAYNESBORO, MS 39367

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

1/12/2007

Loan Approval Gross Amount

$556,243

Loan Approval from the SBA

Of the total $556,243 loan amount, the SBA guaranteed $417,182.

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. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Strategic Investors

Where to Get an SBA Loan in Waynesboro, Mississippi

SBA Mississippi Banks