Main Street Registry

Bearded Brothers Beer, LLC

Irwin, PA · Beer, Wine, and Liquor Retailers · NAICS 445320

Bearded Brothers Beer, LLC is a beer, wine, and liquor retailer located in Irwin, Pennsylvania. The business was financed with an SBA 7(a) loan for a change of ownership totaling $940,000, approved on July 24, 2024 by Beacon Bank and Trust.

SBA 7(a) loan, change of ownership, approved Jul 24, 2024

$940,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$940,000
SBA-guaranteed amount
$705,000 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
10 years (120 months)
Estimated maturity
July 24, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,949 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Westmoreland County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-14
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 46% 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 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