SBA Loan from Five Star Bank Helps Grocery Stores Company

An SBA loan from Five Star Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Savona, New York business owner got a $63,750 loan.

This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Five Star Bank, out of Bath, New York. The loan was granted and they received $63,750 to help grow their Savona, New York business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
SAVONA, NY 14879

SBA Loan Lender

FIVE STAR BANK
44 LIBERTY ST
BATH, NY 14810

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

445120 - Convenience Stores

Loan Approval Date

2/8/2001

Loan Approval Gross Amount

$63,750

Loan Approval from the SBA

Of the total $63,750 loan amount, the SBA guaranteed $54,187.

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 4 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

This SBA loan was for $63,750. How would you spend $63,750 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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