Business Loans for Wine and Distilled Alcoholic Beverage Wholesalers

Looking for business loans for wine and distilled alcoholic beverage wholesalers? Try the SBA. This $80,000 wine and distilled alcoholic beverage wholesalers loan was issued by a Delaware bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Artisans' Bank, out of Wilmington, Delaware. The loan was granted and they received $80,000 to help grow their Wilmington, Delaware business.

SBA Loan Borrower

COMPANY TYPE: WINE AND DISTILLED ALCOHOLIC BEVERAGES
WILMINGTON, DE 19709

SBA Loan Lender

ARTISANS' BANK
223 W NINTH ST
WILMINGTON, DE 19801

This lender issued this particular SBA 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

5182 - Wine and Distilled Alcoholic Beverages

NAICS Code

422820 - Wine and Distilled Alcoholic Beverage Wholesalers

Loan Approval Date

8/6/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Artisans' Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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