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March 28, 2024  
 
 
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What Does It Take to Get a Business Loan in Valley Springs (valley Spring), California?

 

 
Loan Census SBA Loan Info

Supermarkets and Grocery Stores Small Business Loans

Looking for small business loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $20,000 supermarkets and grocery stores loan was issued by a California bank.

This company knew how to go about getting a business bank loan. Based in Valley Springs (valley Spring), California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Umpqua Bank, based in Sonora, California.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
VALLEY SPRINGS (VALLEY SPRING), CA 95252

SBA Loan Lender

UMPQUA BANK
13775-C MONO WAY
SONORA, CA 95370

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

10/18/2004

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help generate 15 new jobs and retain 15 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

Related Links:

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Best Sonora, California Banks for Small Business

Find an SBA Lender in California