Supermarkets and Grocery Stores Bank Loans

Looking for bank loans for supermarkets and grocery stores? Try the SBA. This $50,000 supermarkets and grocery stores loan was issued by an Ohio bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Second National Bank, out of Greenville, Ohio. The loan was granted and they received $50,000 to help grow their Versailles, Ohio business.

SBA Loan Borrower

COMPANY TYPE: MEAT AND FISH MARKET
VERSAILLES, OH 45380

SBA Loan Lender

SECOND NATIONAL BANK
499 S BROADWAY
GREENVILLE, OH 45331

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5421 - Meat and Fish Market

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

10/26/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 3 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Second National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Small Business Loan

SBA 7A Banks in Greenville, Ohio

Ohio SBA Bank Lenders