Getting an SBA Loan for Supermarkets and Grocery Stores

Looking for business loans for supermarkets and grocery stores? The SBA may be the answer. This $1,038,000 supermarkets and grocery stores loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Austin, Texas was able to borrow $1,038,000 from Comerica Bank. The SBA made the loan possible by guaranteeing $778,500 of this Texas small business loan.

SBA Loan Borrower

TUSCANY MARKET & VINEYARD PART
12221 RIATA TRACE PARKWAY SU
AUSTIN, TX 78727

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

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 Other Grocery (except Convenience) Stores

Loan Approval Date

9/16/2003

Loan Approval Gross Amount

$1,038,000

Loan Approval from the SBA

Of the total $1,038,000 loan amount, the SBA guaranteed $778,500.

More Information on This SBA Loan

The borrower, Tuscany Market & Vineyard Part, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 20 existing jobs.

Next Steps for Getting an SBA Loan

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

We can help you find the best banks for small businesses in Austin 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 SBA loan database.

Related Links:

Bank Credit Lines

SBA 7A Banks in Dallas, Texas

Getting an SBA Loan in Texas

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