Beer, Wine, and Liquor Stores Business Loans

Looking for business loans for beer, wine, and liquor stores? Talk to a banker who works with the SBA. This $67,000 beer, wine, and liquor stores loan was issued by a New York bank.

Getting a small business loan in Ithaca, New York was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Chemung Canal Trust Company, operating out of Elmira, New York. Here are the details on this New York small business loan.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
ITHACA, NY 14850

SBA Loan Lender

CHEMUNG CANAL TRUST COMPANY
ONE CHEMUNG CANAL PLZ
ELMIRA, NY 14902

This lender issued this debt financing under the SBA's 7A loan, 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.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

11/15/2006

Loan Approval Gross Amount

$67,000

Loan Approval from the SBA

Of the total $67,000 loan amount, the SBA guaranteed $56,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Ithaca NY, you ought to talk with a local Ithaca SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ithaca businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Chemung Canal Trust Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Financing Your Business

SBA Participating Banks in Elmira, New York

New York SBA 7A Lenders