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May 10, 2024  
 
 
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Loan Census SBA Loan Info

Getting an SBA Loan for Supermarkets and Grocery Stores

Looking for commercial loans for supermarkets and grocery stores? The SBA may be the answer. This $397,600 supermarkets and grocery stores loan was issued by a Nevada bank.

This business knew how to go about getting a business bank loan. Based in Silver Springs, Nevada, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Nevada State Bank, based in Las Vegas, Nevada.

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
SILVER SPRINGS, NV 89441

SBA Loan Lender

NEVADA STATE BANK
750 E WARM SPRINGS RD, STE 40
LAS VEGAS, NV 89119

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

12/18/2006

Loan Approval Gross Amount

$397,600

Loan Approval from the SBA

Of the total $397,600 loan amount, the SBA guaranteed $298,200.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 22 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 22 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $397,600 loan. Remember, you control your own destiny.

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:

Determining Proper Capital Structure for a Business

Where to Get an SBA Loan in Las Vegas, Nevada

Getting an SBA Loan in Nevada