Main Street Registry

Atlantis Business Ventures Inc

Barto, PA · Drinking Places (Alcoholic Beverages) · NAICS 722410

Atlantis Business Ventures Inc, located in Barto, Pennsylvania, operates in the drinking places (alcoholic beverages) industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $700,000, approved by Stearns Bank National Association on May 15, 2025.

SBA 7(a) loan, change of ownership, approved May 15, 2025

$700,000 approvedLender: Stearns Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$700,000
SBA-guaranteed amount
$525,000 (75% of the approval)
Lender
Stearns Bank National Association, Saint Cloud, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
May 15, 2050 (estimated, approval date plus term)
Estimated monthly payment
$6,485 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
722410, Drinking Places (Alcoholic Beverages)
Project location
Berks County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
  • Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania