Supermarkets and Grocery Stores Small Business Loans

With these small business loans for supermarkets and grocery stores, the SBA guarantees the lender that the loan will be repaid. This supermarkets and grocery stores loan for $1,054,000 was given to an Alabama entrepreneur in 2006.

Getting a small business loan in Valley Head, Alabama was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Bank Of The South, operating out of Rainsville, Alabama. Here are the details on this Alabama small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
VALLEY HEAD, AL 35989

SBA Loan Lender

FIRST BANK OF THE SOUTH
246 MAIN ST EAST
RAINSVILLE, AL 35986

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a 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

2/3/2006

Loan Approval Gross Amount

$1,054,000

Loan Approval from the SBA

Of the total $1,054,000 loan amount, the SBA guaranteed $790,500.

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 35 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Good Banks for Small Business in Rainsville, Alabama

SBA Lenders in Alabama