 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
||
| Entrepreneur Resources | Ocean Bank Miami Business Loans | ||||
 |
||||
Tips for Small Businesses On Getting a Loan
|
||||
 |
Supermarkets and Grocery Stores LoansLooking for loans for supermarkets and grocery stores? The SBA may be the answer. This $250,000 supermarkets and grocery stores loan was issued by a Florida bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $250,000 from Ocean Bank. The SBA made the loan possible by guaranteeing $187,500 of this Florida small business loan. SBA Loan Borrower JORGE & GERRY IGA SUPERMARKET SBA Loan Lender OCEAN BANK This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445110 - Supermarkets and Other Grocery (except Convenience) Stores Loan Approval Date 7/25/2001 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower, Jorge & Gerry Iga Supermarket, 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 92 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 6/30/2004. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. If Jorge & Gerry Iga Supermarket can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Microlending as a Small Business Funding Source Who Lends Money to Small Businesses in Miami, Florida Getting an SBA Loan in Florida If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
|
|
||
|
||||
|
|
||||
