Get an SBA Loan for Supermarkets and Grocery Stores

Looking for small business loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $600,000 supermarkets and grocery stores loan was issued by an Ohio bank.

This company knew how to go about getting a business bank loan. Based in Akron, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Ncb, Fsb, based in Hillsboro, Ohio.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
AKRON, PA 17501

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

5/22/2002

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 93 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $600,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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