Business Loans for Beer, Wine, and Liquor Stores

Looking for business loans for beer, wine, and liquor stores? Try the SBA. This $40,000 beer, wine, and liquor stores loan was issued by an Iowa bank.

This small business knew how to go about getting a business bank loan. Based in Bettendorf, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Quad City Bank & Trust, based in Bettendorf, Iowa.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
BETTENDORF, IA 52722

SBA Loan Lender

QUAD CITY BANK & TRUST
2118 MIDDLE RD
BETTENDORF, IA 52722

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

1/25/2008

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 create 1 new job.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Bettendorf IA, you ought to talk with a local Bettendorf SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bettendorf businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Quad City Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Quad City Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Understanding Dilution

SBA 7A Banks for Bettendorf, Iowa Loans

Getting an SBA Loan in Iowa