How to Get a Loan for Fresh Fruit and Vegetable Merchant Wholesalers

Looking for SBA loans for fresh fruit and vegetable merchant wholesalers? An SBA loan may be just what you've been looking for. This $62,100 fresh fruit and vegetable merchant wholesalers loan was issued by a New York bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Genesee Regional Bank, out of Rochester, New York. The loan was granted and they received $62,100 to help grow their Rochester, New York business.

SBA Loan Borrower

COMPANY TYPE: FRESH FRUIT AND VEGETABLE MERCHANT WHOLESALERS
ROCHESTER, NY 14618

SBA Loan Lender

GENESEE REGIONAL BANK
3380 MONROE AVE
ROCHESTER, NY 14618

This SBA small business 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.

NAICS Code

424480 - Fresh Fruit and Vegetable Merchant Wholesalers

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$62,100

Loan Approval from the SBA

Of the total $62,100 loan amount, the SBA guaranteed $52,785.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 7A Lenders in Rochester, New York

Where to Get an SBA Loan New York