Business Loans for Supermarkets and Grocery Stores

Looking for business loans for supermarkets and grocery stores? Try the SBA. This $66,450 supermarkets and grocery stores loan was issued by a Tennessee bank.

This small business knew how to go about getting a business bank loan. Based in Sneedville, Tennessee, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Century Bank, based in Powell, Tennessee.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
SNEEDVILLE, TN 37869

SBA Loan Lender

FIRST CENTURY BANK
600 EAST EMORY
POWELL, TN 37849

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

2/2/2005

Loan Approval Gross Amount

$66,450

Loan Approval from the SBA

Of the total $66,450 loan amount, the SBA guaranteed $56,482.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

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 $66,450 loan. Remember, fight for what you want, and it will be yours!

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.

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