Borrowing Money for Breweries

Looking for loans for breweries? Try the SBA. This $63,900 breweries loan was issued by a Washington bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Americanwest Bank, out of Pasco, Washington. The loan was granted and they received $63,900 to help grow their Pasco, Washington business.

SBA Loan Borrower

COMPANY TYPE: BREWERIES
PASCO, WA 99301

SBA Loan Lender

AMERICANWEST BANK
3945 W COURT ST
PASCO, WA 99301

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312120 - Breweries

Loan Approval Date

3/12/2003

Loan Approval Gross Amount

$63,900

Loan Approval from the SBA

Of the total $63,900 loan amount, the SBA guaranteed $54,315.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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