Loans for Supermarkets and Grocery Stores

Looking for loans for supermarkets and grocery stores? Try the SBA. This $338,400 supermarkets and grocery stores loan was issued by a Washington bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Heritage Bank, out of Snohomish, Washington. The loan was granted and they received $338,400 to help grow their Sultan, Washington business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
SULTAN, WA 98294

SBA Loan Lender

FIRST HERITAGE BANK
167 LINCOLN ST
SNOHOMISH, WA 98290

This commercial loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

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

7/11/2001

Loan Approval Gross Amount

$338,400

Loan Approval from the SBA

Of the total $338,400 loan amount, the SBA guaranteed $253,800.

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 16 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Sultan or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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