SBA Loan from Small Business Loan Source LLC Helps Beer, Wine, And Liquor Stores Company
Small Business Loan Source LLC has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.
This small firm knew how to go about getting a business bank loan. Based in Houston, Texas, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Small Business Loan Source LLC, based in Houston, Texas.
SBA Loan Borrower
COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
HOUSTON, TX 77017
SBA Loan Lender
SMALL BUSINESS LOAN SOURCE LLC
9801 WESTHEIMER RD #1100
HOUSTON, TX 77056
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
10/13/2006
Loan Approval Gross Amount
$580,000
Loan Approval from the SBA
Of the total $580,000 loan amount, the SBA guaranteed $435,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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 Much Venture Capital Is There?
SBA 7A Banks for Houston, Texas Loans
Texas SBA 7A Lenders