Financing for Wine and Distilled Alcoholic Beverage Merchant Wholesalers

With these loans for wine and distilled alcoholic beverage merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This wine and distilled alcoholic beverage merchant wholesalers loan for $400,000 was given to a Louisiana entrepreneur in 2004.

Getting a small business loan in New Orleans, Louisiana was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Regions Bank, operating out of Metairie, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: WINE AND DISTILLED ALCOHOLIC BEVERAGE MERCHANT WHOLESALERS
NEW ORLEANS, LA 70113

SBA Loan Lender

REGIONS BANK
5055 VETERANS MEMORIAL BLVD
METAIRIE, LA 70006

This lender issued this small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424820 - Wine and Distilled Alcoholic Beverage Merchant Wholesalers

Loan Approval Date

12/27/2004

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in New Orleans LA, you ought to talk with a local New Orleans SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Orleans businesses.

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 $400,000 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.

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