Business Loans for Supermarkets and Grocery Stores

Looking for business loans for supermarkets and grocery stores? The SBA may be the answer. This $74,300 supermarkets and grocery stores loan was issued by a North Dakota bank.

Getting a small business loan in Underwood, North Dakota was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from North Country Bank, operating out of Underwood, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
UNDERWOOD, ND 58576

SBA Loan Lender

NORTH COUNTRY BANK
308 LINCOLN AVE
UNDERWOOD, ND 58576

This bank 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

10/8/2004

Loan Approval Gross Amount

$74,300

Loan Approval from the SBA

Of the total $74,300 loan amount, the SBA guaranteed $63,155.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source

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

Related Links:

Borrowing Money from Friends and Family

Small Business Banks in Underwood, North Dakota

SBA Participating Banks in North Dakota