Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA Loan in Geneva, New York and We Got One!

 

 
Loan Census SBA Loan Info

Financing for Beer, Wine, and Liquor Stores

Looking for loans for beer, wine, and liquor stores? Talk to a banker who works with the SBA. This $25,000 beer, wine, and liquor stores loan was issued by a New York bank.

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

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
GENEVA, NY 14456

SBA Loan Lender

FIVE STAR BANK
2 SENECA ST
GENEVA, NY 14456

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

11/21/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Geneva NY, you ought to talk with a local Geneva SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Geneva businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Five Star Bank and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding From a Venture Capitalist

SBA Approved Banks in Geneva, New York

New York SBA 7A Lenders