Loans for Beer and Ale Merchant Wholesalers

With these loans for beer and ale merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This beer and ale merchant wholesalers loan for $203,100 was given to an Ohio entrepreneur in 2003.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Huntington National Bank, out of Salineville, Ohio. The loan was granted and they received $203,100 to help grow their Youngstown, Ohio business.

SBA Loan Borrower

COMPANY TYPE: BEER AND ALE MERCHANT WHOLESALERS
YOUNGSTOWN, OH 44502

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
10 E MAIN ST
SALINEVILLE, OH 43945

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424810 - Beer and Ale Merchant Wholesalers

Loan Approval Date

8/26/2003

Loan Approval Gross Amount

$203,100

Loan Approval from the SBA

Of the total $203,100 loan amount, the SBA guaranteed $101,550.

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 31 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 25 existing jobs.

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $203,100 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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