Supermarkets and Grocery Stores SBA Loans

Looking for SBA loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $90,000 supermarkets and grocery stores loan was issued by a Kansas bank.

Getting a small business loan in Whitewater, Kansas was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Midland National Bank - Newton, operating out of Newton, Kansas. Here are the details on this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
WHITEWATER, KS 67154

SBA Loan Lender

MIDLAND NATIONAL BANK - NEWTON
527 MAIN ST
NEWTON, KS 67114

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

1/29/2001

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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