How to Get a Loan for Beer and Ale Wholesalers

Looking for SBA loans for beer and ale wholesalers? An SBA loan may be just what you've been looking for. This $60,000 beer and ale wholesalers loan was issued by a California bank.

This small business knew how to go about getting a business bank loan. Based in Chatsworth, California, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Union Bank Of California, based in Chatsworth, California.

SBA Loan Borrower

COMPANY TYPE: BEER AND ALE WHOLESALERS
CHATSWORTH, CA 91311

SBA Loan Lender

UNION BANK OF CALIFORNIA
21821 DEVONSHIRE
CHATSWORTH, CA 91311

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422810 - Beer and Ale Wholesalers

Loan Approval Date

5/9/2003

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Union Bank Of California and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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