Open Excel in a new workbook. (I've got 2007 so I can only describe the ribbon for you).
Open the Data tab on the ribbon, then the 1st button (Get External Data) has a drop-down arrow which opens a set of sources (Access, Web, Tex, Other), choose the Other. There should be a From SQL connection, OLE DB, etc. Try some of them to connect to your DB server, there should also be some SQL server drivers under the OLE DB and even under the OLDE DB - ODBC drivers (try until you find one which works well). If it works then it should extract a selected table into the current sheet.
After that, under the Data ribbon tab should be a "Connections" group with a "Connections" button. This opens a dialog with all the connections into the current workbook. Select the one which worked, then click the properties button. In the Connection Properties dialog open the Definition tab. Select the text in the "Connection string" field and copy ... then paste this into your Lisp.
Edit: Remember to escape stuff like double quotes and backslashes. Easiest way I know of is to use a call to getstring and then paste that when asked. The result should show the escaped string which can directly be used in lisp. E.g. type the following into the lisp console in VLIDE:(getstring t "Paste: ")
Then paste the connection string there & press Enter. Then select the result in the console and copy-n-paste into your lisp file.