Raising Money for Beer, Wine, and Liquor Stores
With these bank loans for beer, wine, and liquor stores, the SBA guarantees the lender that the loan will be repaid. This beer, wine, and liquor stores loan for $264,000 was given to a Texas entrepreneur in 2004.
Getting a small business loan in Richland, Texas was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Wescom Central Cu, operating out of San Diego, California. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
RICHLAND, TX 76681
SBA Loan Lender
WESCOM CENTRAL CU
1501 5TH AVE, STE 100
SAN DIEGO, CA 92101
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
9/2/2004
Loan Approval Gross Amount
$264,000
Loan Approval from the SBA
Of the total $264,000 loan amount, the SBA guaranteed $198,000.
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 7 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
While you may be able to find other ways to get money to start a business, 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.
Related Links:
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Where to Get an SBA Loan in San Diego, California
Getting an SBA Loan in California