Beer, Wine, and Liquor Stores Loans

Looking for loans for beer, wine, and liquor stores? The SBA may be the answer. This $147,000 beer, wine, and liquor stores loan was issued by a Minnesota bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Security Bank Minnesota, out of Albert Lea, Minnesota. The loan was granted and they received $147,000 to help grow their Albert Lea, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: LIQUOR STORES
ALBERT LEA, MN 56007

SBA Loan Lender

SECURITY BANK MINNESOTA
437 BRIDGE AVE
ALBERT LEA, MN 56007

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5921 - Liquor Stores

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

5/16/2001

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Albert Lea 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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