Raising Money for Beer, Wine, and Liquor Stores

Looking for business loans for beer, wine, and liquor stores? The SBA may be the answer. This $54,812 beer, wine, and liquor stores loan was issued by a New York bank.

Getting a small business loan in Syracuse, New York was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Solvay Bank, operating out of Solvay, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: LIQUOR STORES
SYRACUSE, NY 13208

SBA Loan Lender

SOLVAY BANK
1537 MILTON AVE
SOLVAY, NY 13209

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

3/16/2001

Loan Approval Gross Amount

$54,812

Loan Approval from the SBA

Of the total $54,812 loan amount, the SBA guaranteed $46,590.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We can help you find the best banks for small businesses in Syracuse or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - Friends and Family

Where to Get an SBA Loan in Solvay, New York

SBA New York Lenders