Where to Get Capital for Drinking Places

Looking for small business loans for drinking places? Talk to a banker who works with the SBA. This $118,200 drinking places loan was issued by a Louisiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Houston, Texas was able to borrow $118,200 from Whitney National Bank. The SBA made the loan possible by guaranteeing $100,470 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
HOUSTON, TX 77005

SBA Loan Lender

WHITNEY NATIONAL BANK
400 LABARRE RD
JEFFERSON, LA 70121

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

7/7/2004

Loan Approval Gross Amount

$118,200

Loan Approval from the SBA

Of the total $118,200 loan amount, the SBA guaranteed $100,470.

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 35 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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