Borrowing Money for Beer, Wine, and Liquor Stores
Looking for loans for beer, wine, and liquor stores? Try the SBA. This $240,000 beer, wine, and liquor stores loan was issued by a North Carolina bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in La Grange, Georgia was able to borrow $240,000 from Bank Of America. The SBA made the loan possible by guaranteeing $180,000 of this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
LA GRANGE, GA 30240
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
12/5/2002
Loan Approval Gross Amount
$240,000
Loan Approval from the SBA
Of the total $240,000 loan amount, the SBA guaranteed $180,000.
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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.
Getting an SBA Loan For Your Business
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
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 $240,000 loan. Remember, you control your own destiny.
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:
Getting a Small Business Loan
SBA 7A Lenders in Charlotte, North Carolina
SBA Participating Banks in North Carolina