Where to Get Capital for Supermarkets and Grocery Stores

Looking for small business loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $524,000 supermarkets and grocery stores loan was issued by a Georgia bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Durden Banking Co., Inc., out of Twin City, Georgia. The loan was granted and they received $524,000 to help grow their Twin City, Georgia business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
TWIN CITY, GA 30471

SBA Loan Lender

DURDEN BANKING CO., INC.
111 N RAILROAD AVE
TWIN CITY, GA 30471

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

4/22/2002

Loan Approval Gross Amount

$524,000

Loan Approval from the SBA

Of the total $524,000 loan amount, the SBA guaranteed $393,000.

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 15 employees. The SBA loan documents indicated that the loan would help create 8 new jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Twin City GA, you ought to talk with a local Twin City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Twin City businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Durden Banking Co., Inc. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

How Equity Dilution Works

Where to Get an SBA Loan in Twin City, Georgia

Georgia SBA 7A Lenders