Beer, Wine, and Liquor Stores Small Business Loans
Looking for small business loans for beer, wine, and liquor stores? Try the SBA. This $100,000 beer, wine, and liquor stores loan was issued by a Connecticut bank.
This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with People's United Bank, out of Norwich, Connecticut. The loan was granted and they received $100,000 to help grow their Gales Ferry, Connecticut business.
SBA Loan Borrower
COMPANY TYPE: LIQUOR STORES
GALES FERRY, CT 06335
SBA Loan Lender
PEOPLE'S UNITED BANK
NORWICH, CT 06360
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
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 $100,000 loan amount, the SBA guaranteed $80,000.
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 4 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
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.
Accountant's Role in Securing Financing
SBA Participating Banks in Norwich, Connecticut
SBA Participating Banks in Connecticut