Financing for Beer and Ale Wholesalers

Looking for commercial loans for beer and ale wholesalers? The SBA may be the answer. This $448,000 beer and ale wholesalers loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richardson, Texas was able to borrow $448,000 from Prosperity Bank. The SBA made the loan possible by guaranteeing $336,000 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: BEER AND ALE
RICHARDSON, TX 75081

SBA Loan Lender

PROSPERITY BANK
100 E CALIFORNIA ST
GAINESVILLE, TX 76240

When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program is designed to offer 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

5181 - Beer and Ale

NAICS Code

422810 - Beer and Ale Wholesalers

Loan Approval Date

6/17/2002

Loan Approval Gross Amount

$448,000

Loan Approval from the SBA

Of the total $448,000 loan amount, the SBA guaranteed $336,000.

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 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Prosperity Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Equity Financing

SBA Approved Banks in Gainesville, Texas

Where to Get an SBA Loan Texas