Commercial Loans for Beer, Wine, and Liquor Stores

Looking for commercial loans for beer, wine, and liquor stores? An SBA loan may be just what you've been looking for. This $47,000 beer, wine, and liquor stores loan was issued by a Minnesota bank.

This business knew how to go about getting a business bank loan. Based in Maynard, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First National Bank In Montevideo, based in Montevideo, Minnesota.

SBA Loan Borrower

COMPANY TYPE: LIQUOR STORES
MAYNARD, MN 56260

SBA Loan Lender

FIRST NATIONAL BANK IN MONTEVIDEO
101 S FIRST ST
MONTEVIDEO, MN 56265

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5921 - Liquor Stores

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

12/23/2003

Loan Approval Gross Amount

$47,000

Loan Approval from the SBA

Of the total $47,000 loan amount, the SBA guaranteed $39,950.

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 8 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Maynard or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Raising Venture Capital

SBA Participating Banks in Montevideo, Minnesota

SBA Lenders in Minnesota