Getting an SBA Loan for Beer, Wine, and Liquor Stores

Looking for commercial loans for beer, wine, and liquor stores? Talk to a banker who works with the SBA. This $729,700 beer, wine, and liquor stores loan was issued by a Maryland bank.

This business knew how to go about getting a business bank loan. Based in Landover Hills, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Susquehanna Bank, based in Towson, Maryland.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
LANDOVER HILLS, MD 21204

SBA Loan Lender

SUSQUEHANNA BANK
100 WEST RD
TOWSON, MD 21204

When this loan was made, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to offer fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

4/14/2005

Loan Approval Gross Amount

$729,700

Loan Approval from the SBA

Of the total $729,700 loan amount, the SBA guaranteed $547,275.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Susquehanna Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Advice on Getting a Small Business Loan

Banks in Towson, Maryland

Maryland SBA 7A Lenders