Financing for Warehouse Clubs and Superstores

Looking for loans for warehouse clubs and superstores? An SBA loan may be just what you've been looking for. This $50,000 warehouse clubs and superstores loan was issued by a Michigan bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Firstbank-St. Johns, out of Saint Johns, Michigan. The loan was granted and they received $50,000 to help grow their Saint Johns, Michigan business.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
SAINT JOHNS, MI 48879

SBA Loan Lender

FIRSTBANK-ST. JOHNS
201 N CLINTON AVE
SAINT JOHNS, MI 48879

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452910 - Warehouse Clubs and Superstores

Loan Approval Date

6/1/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 2 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Firstbank-St. Johns are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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

SBA Banks in Saint Johns, Michigan

Michigan SBA Banks