Small Business Loans for Beer, Wine, and Liquor Stores

Looking for small business loans for beer, wine, and liquor stores? Try the SBA. This $893,000 beer, wine, and liquor stores loan was issued by a Tennessee bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Insouth Bank, out of Memphis, Tennessee. The loan was granted and they received $893,000 to help grow their Nashville, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: LIQUOR STORES
NASHVILLE, TN 37205

SBA Loan Lender

INSOUTH BANK
6141 WALNUT GROVE RD
MEMPHIS, TN 38120

When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to give expeditious 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.

SIC Code

5921 - Liquor Stores

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

4/29/2003

Loan Approval Gross Amount

$893,000

Loan Approval from the SBA

Of the total $893,000 loan amount, the SBA guaranteed $669,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Insouth Bank and they will explain how you can get an SBA loan for your company.

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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