SBA Loans for Supermarkets and Grocery Stores

Looking for SBA loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $679,500 supermarkets and grocery stores loan was issued by a Connecticut bank.

Getting a small business loan in Waterbury, Connecticut was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Webster Bank, operating out of New Haven, Connecticut. Here are the details on this Connecticut small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
WATERBURY, CT 06708

SBA Loan Lender

WEBSTER BANK
80 ELM ST
NEW HAVEN, CT 06510

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

5/28/2004

Loan Approval Gross Amount

$679,500

Loan Approval from the SBA

Of the total $679,500 loan amount, the SBA guaranteed $509,625.

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 2202 employees. The SBA loan documents indicated that the loan would help retain 220 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Waterbury CT, you ought to talk with a local Waterbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waterbury businesses.

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

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