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April 28, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > New York City, Business Loans > Shinhan Bank America New York City Business Loans > Beer, Wine, And Liquor Stores Loan | ||||
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Raising Money in Atlanta, Georgia With SBA Loans
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Commercial Loans for Beer, Wine, and Liquor StoresLooking for commercial loans for beer, wine, and liquor stores? The SBA may be the answer. This $1,598,700 beer, wine, and liquor stores loan was issued by a New York bank. This business knew how to go about getting a business bank loan. Based in Atlanta, Georgia, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Shinhan Bank America, based in New York City, New York. SBA Loan Borrower COMPANY TYPE: BEER, WINE, AND LIQUOR STORES SBA Loan Lender SHINHAN BANK AMERICA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 9/4/2007 Loan Approval Gross Amount $1,598,700 Loan Approval from the SBA Of the total $1,598,700 loan amount, the SBA guaranteed $1,199,025. 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 3 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 6 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours 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: Who Lends Money to Small Businesses in New York City, New York Find an SBA Lender in New York
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