Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Advice for Small Business Owners On Getting a Loan

 

 
Loan Census SBA Loan Info

Beer, Wine, and Liquor Stores SBA Loans

Looking for SBA loans for beer, wine, and liquor stores? Try the SBA. This $205,000 beer, wine, and liquor stores loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Wilshire State Bank, out of Los Angeles, California. The loan was granted and they received $205,000 to help grow their Edmonds, Washington business.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
EDMONDS, WA 98025

SBA Loan Lender

WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

3/10/2004

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Edmonds 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.

Related Links:

Getting a Small Business Loan

Small Business Banks in Los Angeles, California

Find an SBA Lender in California