Getting an SBA Loan for Supermarkets and Grocery Stores
Looking for commercial loans for supermarkets and grocery stores? The SBA may be the answer. This $397,600 supermarkets and grocery stores loan was issued by a Nevada bank.
This business knew how to go about getting a business bank loan. Based in Silver Springs, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Nevada State Bank, based in Las Vegas, Nevada.
SBA Loan Borrower
COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
SILVER SPRINGS, NV 89441
SBA Loan Lender
NEVADA STATE BANK
750 E WARM SPRINGS RD, STE 40
LAS VEGAS, NV 89119
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445110 - Supermarkets and Grocery Stores
Loan Approval Date
12/18/2006
Loan Approval Gross Amount
$397,600
Loan Approval from the SBA
Of the total $397,600 loan amount, the SBA guaranteed $298,200.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 22 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 22 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $397,600 loan. Remember, you control your own destiny.
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:
Determining Proper Capital Structure for a Business
Where to Get an SBA Loan in Las Vegas, Nevada
Getting an SBA Loan in Nevada