Getting an SBA Loan for Drinking Places

Looking for commercial loans for drinking places? Talk to a banker who works with the SBA. This $97,750 drinking places loan was issued by a New York bank.

This business knew how to go about getting a business bank loan. Based in Darien Center, New York, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Five Star Bank, based in Warsaw, New York.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
DARIEN CENTER, NY 14040

SBA Loan Lender

FIVE STAR BANK
55 N MAIN ST
WARSAW, NY 14569

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

2/18/2005

Loan Approval Gross Amount

$97,750

Loan Approval from the SBA

Of the total $97,750 loan amount, the SBA guaranteed $83,088.

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 4 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to 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 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:

Business Line of Credit

SBA Approved Banks in Warsaw, New York

New York SBA Bank Lenders