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May 1, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > State Bank Of Texas Irving Business Loans > Grocery Stores Loan | ||||
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Business Loans for Fort Worth Business Owners
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Where to Get Capital for Supermarkets and Grocery StoresLooking for small business loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $158,000 supermarkets and grocery stores loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with State Bank Of Texas, out of Irving, Texas. The loan was granted and they received $158,000 to help grow their Fort Worth, Texas business. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender STATE BANK OF TEXAS Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. 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 7/5/2000 Loan Approval Gross Amount $158,000 Loan Approval from the SBA Of the total $158,000 loan amount, the SBA guaranteed $118,500. 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 6 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like State Bank Of Texas 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. Related Links:
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