Financing for Supermarkets and Grocery Stores

Looking for loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $135,000 supermarkets and grocery stores loan was issued by a Wisconsin bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Alliance Bank, out of Cochrane, Wisconsin. The loan was granted and they received $135,000 to help grow their Cochrane, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
COCHRANE, WI 54622

SBA Loan Lender

ALLIANCE BANK
103 S MAIN
COCHRANE, WI 54622

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

3/7/2006

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 5 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Alliance Bank and they will explain how you can get an SBA loan for your company.

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:

Borrowing Money from Friends and Family

Who Lends Money to Small Businesses in Cochrane, Wisconsin

Wisconsin SBA Bank Lenders