Main Street Registry

2534 Elmwood Ave Inc.

Kenmore, NY · Beer, Wine, and Liquor Retailers · NAICS 445320

2534 Elmwood Ave Inc. is a beer, wine, and liquor retailer in Kenmore, New York. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $550,000, approved by Northwest Bank on November 20, 2024.

SBA 7(a) loan, change of ownership, approved Nov 20, 2024

$550,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$550,000
SBA-guaranteed amount
$412,500 (75% of the approval)
Lender
Northwest Bank, Warren, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
November 20, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,576 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 4, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Erie County, NY
SBA district office
Buffalo District Office
Congressional district
NY-26
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 6% of acquisition loans in Beer, Wine, and Liquor Retailers on this site.
  • Average acquisition loan in Beer, Wine, and Liquor Retailers: $1,337,023.
  • Average acquisition loan in New York: $1,771,512.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in New York