How to Get a Loan for Drinking Places

Looking for business loans for drinking places? Try the SBA. This $32,700 drinking places loan was issued by a Missouri bank.

This small business knew how to go about getting a business bank loan. Based in Golden City, Missouri, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Metropolitan National Bank, based in Lamar, Missouri.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
GOLDEN CITY, MO 64759

SBA Loan Lender

METROPOLITAN NATIONAL BANK
1105 GULF ST
LAMAR, MO 64759

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

9/19/2001

Loan Approval Gross Amount

$32,700

Loan Approval from the SBA

Of the total $32,700 loan amount, the SBA guaranteed $27,795.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $32,700 loan. Remember, anyone can do it... so why not you?

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:

How Equity Dilution Works

Small Bank Loans in Lamar, Missouri

Missouri SBA Banks