Get an SBA Loan for Specialty Food Stores

Looking for small business loans for specialty food stores? The SBA may be the answer. This $80,000 specialty food stores loan was issued by a Wisconsin bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Mitchell Bank, out of Wauwatosa, Wisconsin. The loan was granted and they received $80,000 to help grow their Wauwatosa, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: FOOD STORES
WAUWATOSA, WI 53226

SBA Loan Lender

MITCHELL BANK
1011 N MAYFAIR RD, STE 100
WAUWATOSA, WI 53226

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

12/5/2000

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $64,000.

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 8 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Wauwatosa 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.

Related Links:

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SBA 7A Banks in Wauwatosa, Wisconsin

Wisconsin SBA Banks