Business Loans for Supermarkets and Grocery Stores

Looking for business loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $74,700 supermarkets and grocery stores loan was issued by an Iowa bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bankiowa, out of Waterloo, Iowa. The loan was granted and they received $74,700 to help grow their Waterloo, Iowa business.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
WATERLOO, IA 50701

SBA Loan Lender

BANKIOWA
3222 KIMBALL AVE, STE A
WATERLOO, IA 50702

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

11/28/2000

Loan Approval Gross Amount

$74,700

Loan Approval from the SBA

Of the total $74,700 loan amount, the SBA guaranteed $59,760.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Waterloo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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