Financing for Supermarkets and Grocery Stores

Looking for commercial loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $814,500 supermarkets and grocery stores loan was issued by a Florida bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First National Bank - Nassau Cnty, out of Fernandina Beach, Florida. The loan was granted and they received $814,500 to help grow their Union Point, Georgia business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
UNION POINT, GA 30669

SBA Loan Lender

FIRST NATIONAL BANK - NASSAU CNTY
1891 S 14TH ST
FERNANDINA BEACH, FL 32034

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

6/19/2007

Loan Approval Gross Amount

$814,500

Loan Approval from the SBA

Of the total $814,500 loan amount, the SBA guaranteed $610,875.

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 20 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Nassau Cnty that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Obtaining Funding - Friends and Family

Where to Get an SBA Loan in Fernandina Beach, Florida

SBA Lenders in Florida