Where to Get Capital for Wineries

With these small business loans for wineries, the SBA guarantees the lender that the loan will be repaid. This wineries loan for $300,000 was given to a New York entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hector, New York was able to borrow $300,000 from Visions Fcu. The SBA made the loan possible by guaranteeing $225,000 of this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: WINERIES
HECTOR, NY 14841

SBA Loan Lender

VISIONS FCU
3301 COUNTRY CLUB RD
ENDWELL, NY 13760

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312130 - Wineries

Loan Approval Date

5/27/2004

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Hector NY, you ought to talk with a local Hector SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hector 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 Visions Fcu 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:

Small Business Credit Cards

SBA Banks in Endwell, New York

Getting an SBA Loan in New York