Supermarkets and Grocery Stores Small Business Loans
Looking for small business loans for supermarkets and grocery stores? Try the SBA. This $230,000 supermarkets and grocery stores loan was issued by a Louisiana bank.
This company knew how to go about getting a business bank loan. Based in Abbeville, Louisiana, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Gulf Coast Bancshares, Inc., based in Abbeville, Louisiana.
SBA Loan Borrower
COMPANY TYPE: GROCERY STORES
ABBEVILLE, LA 70511
SBA Loan Lender
GULF COAST BANCSHARES, INC.
221 S STATE ST
ABBEVILLE, LA 70510
This commercial loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.
SBA Loan Program Type
This loan was issued as a general business loan.
5411 - Grocery Stores
445110 - Supermarkets and Grocery Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $230,000 loan amount, the SBA guaranteed $172,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Gulf Coast Bancshares, Inc. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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.
Banks in Abbeville, Louisiana
SBA Participating Banks in Louisiana