Beer, Wine, and Liquor Stores Commercial Loans
Looking for commercial loans for beer, wine, and liquor stores? An SBA loan may be just what you've been looking for. This $420,000 beer, wine, and liquor stores loan was issued by a California bank.
This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Summit Bank, out of Oakland, California. The loan was granted and they received $420,000 to help grow their San Jose, California business.
SBA Loan Borrower
COMPANY TYPE: LIQUOR STORES
SAN JOSE, CA 95122
SBA Loan Lender
OAKLAND, CA 94611
This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
5921 - Liquor Stores
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $420,000 loan amount, the SBA guaranteed $315,000.
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 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
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.
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.
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