Loans for Supermarkets and Grocery Stores

Looking for loans for supermarkets and grocery stores? The SBA may be the answer. This $186,300 supermarkets and grocery stores loan was issued by a Michigan bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Westphalia, Michigan was able to borrow $186,300 from Citizens Bank. The SBA made the loan possible by guaranteeing $139,725 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
WESTPHALIA, MI 48894

SBA Loan Lender

CITIZENS BANK
328 S SAGINAW ST
FLINT, MI 48502

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

5/22/2000

Loan Approval Gross Amount

$186,300

Loan Approval from the SBA

Of the total $186,300 loan amount, the SBA guaranteed $139,725.

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 25 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient 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?

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $186,300 loan. Remember, if it to be, it is up to me!

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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SBA Approved Banks in Flint, Michigan

Michigan SBA 7A Lenders