Borrowing Money for Grocery and Related Products Wholesalers
Looking for bank loans for grocery and related products wholesalers? An SBA loan may be just what you've been looking for. This $90,000 grocery and related products wholesalers loan was issued by a California bank.
This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Citibank, out of San Francisco, California. The loan was granted and they received $90,000 to help grow their Santa Clara, California business.
SBA Loan Borrower
COMPANY TYPE: GROCERY AND RELATED PRODUCTS WHOLESALERS
SANTA CLARA, CA 95051
SBA Loan Lender
CITIBANK
ONE SANSOME ST
SAN FRANCISCO, CA 94104
The lender provided this bank 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
422490 - Grocery and Related Products Wholesalers
Loan Approval Date
6/29/2006
Loan Approval Gross Amount
$90,000
Loan Approval from the SBA
Of the total $90,000 loan amount, the SBA guaranteed $45,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 14 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citibank and they will explain how you can get an SBA loan for your company.
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:
Obtaining Funding - Getting Venture Capital
Where to Get an SBA Loan in San Francisco, California
SBA Participating Banks in California