Business Loans for Wineries

Looking for business loans for wineries? Try the SBA. This $620,000 wineries loan was issued by an Oklahoma bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stroud, Oklahoma was able to borrow $620,000 from Spiritbank. The SBA made the loan possible by guaranteeing $465,000 of this Oklahoma small business loan.

SBA Loan Borrower

TIDAL SCHOOL VINEYARDS, INC.
412 N NINTH AVENUE
STROUD, OK 74079

SBA Loan Lender

SPIRITBANK
4815 S HARVARD
TULSA, OK 74135

This SBA bank loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2084 - Wines, Brandy, and Brandy Spirits

NAICS Code

312130 - Wineries

Loan Approval Date

4/10/2003

Loan Approval Gross Amount

$620,000

Loan Approval from the SBA

Of the total $620,000 loan amount, the SBA guaranteed $465,000.

More Information on This SBA Loan

The borrower, Tidal School Vineyards, Inc., 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 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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