Getting an SBA Loan for Supermarkets and Grocery Stores

Looking for business loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $410,250 supermarkets and grocery stores loan was issued by a Montana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Whitehall, Montana was able to borrow $410,250 from Rocky Mountain Bank. The SBA made the loan possible by guaranteeing $307,687 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
WHITEHALL, MT 59759

SBA Loan Lender

ROCKY MOUNTAIN BANK
101 E LEGION
WHITEHALL, MT 59759

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank 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

4/5/2000

Loan Approval Gross Amount

$410,250

Loan Approval from the SBA

Of the total $410,250 loan amount, the SBA guaranteed $307,687.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $410,250. How would you spend $410,250 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Bank Credit Lines

Where to Get an SBA Loan in Whitehall, Montana

SBA Lenders in Montana