Supermarkets and Grocery Stores Loans

Looking for loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $215,000 supermarkets and grocery stores loan was issued by a Minnesota bank.

This small firm knew how to go about getting a business bank loan. Based in Staples, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Integrity Bank, based in Staples, Minnesota.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
STAPLES, MN 56479

SBA Loan Lender

FIRST INTEGRITY BANK
111 4TH ST NE
STAPLES, MN 56479

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

9/8/2003

Loan Approval Gross Amount

$215,000

Loan Approval from the SBA

Of the total $215,000 loan amount, the SBA guaranteed $107,500.

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 17 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 17 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Integrity Bank 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.

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Small Business Banks in Staples, Minnesota

Minnesota SBA 7A Banks