Small Business Loans for General Line Grocery Merchant Wholesalers
Looking for small business loans for general line grocery merchant wholesalers? Talk to a banker who works with the SBA. This $10,000 general line grocery merchant wholesalers loan was issued by a North Carolina bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saddle Brook, New Jersey was able to borrow $10,000 from Bank Of America. The SBA made the loan possible by guaranteeing $5,000 of this New Jersey small business loan.
SBA Loan Borrower
COMPANY TYPE: GENERAL LINE GROCERY MERCHANT WHOLESALERS
SADDLE BROOK, NJ 07663
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424410 - General Line Grocery Merchant Wholesalers
Loan Approval Date
10/13/2005
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
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 only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of America had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of America made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Startup Funding Tip
Small Business Banks in Charlotte, North Carolina
Find an SBA Lender in North Carolina