Borrowing Money for Beer, Wine, and Liquor Stores

Looking for loans for beer, wine, and liquor stores? Talk to a banker who works with the SBA. This $700,000 beer, wine, and liquor stores loan was issued by a New Jersey bank.

This small firm knew how to go about getting a business bank loan. Based in Mullica Hill, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Bank, based in Woodbury, New Jersey.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
Mullica Hill, NJ 08062

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

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

12/15/2005

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 10 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

Related Links:

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SBA Approved Banks in Woodbury, New Jersey

New Jersey SBA 7A Lenders