How to Get a Loan for Grocery and Related Products Merchant Wholesalers

Looking for commercial loans for grocery and related products merchant wholesalers? Try the SBA. This $35,400 grocery and related products merchant wholesalers loan was issued by a Connecticut bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Savings Inst. Bank & Trust, out of Willimantic, Connecticut. The loan was granted and they received $35,400 to help grow their Columbia (columbia Center), Connecticut business.

SBA Loan Borrower

COMPANY TYPE: GROCERY AND RELATED PRODUCTS MERCHANT WHOLESALERS
COLUMBIA (COLUMBIA CENTER), CT 06237

SBA Loan Lender

SAVINGS INST. BANK & TRUST
803 MAIN ST
WILLIMANTIC, CT 06226

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424490 - Grocery and Related Products Merchant Wholesalers

Loan Approval Date

5/15/2007

Loan Approval Gross Amount

$35,400

Loan Approval from the SBA

Of the total $35,400 loan amount, the SBA guaranteed $17,700.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Savings Inst. Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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