Loans for Supermarkets and Grocery Stores

Looking for loans for supermarkets and grocery stores? Talk to a banker who works with the SBA. This $390,000 supermarkets and grocery stores loan was issued by an Illinois bank.

This company knew how to go about getting a business bank loan. Based in Hutsonville, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Farmers & Merchants Bank - Hutso, based in Hutsonville, Illinois.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
HUTSONVILLE, IL 62433

SBA Loan Lender

FARMERS & MERCHANTS BANK - HUTSO
108 S MAIN ST
HUTSONVILLE, IL 62433

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

2/28/2007

Loan Approval Gross Amount

$390,000

Loan Approval from the SBA

Of the total $390,000 loan amount, the SBA guaranteed $292,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $390,000 loan. Remember, where there is a will, there is a way!

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:

How to Raise Money

Best Banks for Small Business in Hutsonville, Illinois

SBA Illinois Lenders