Main Street Registry

Cedar Liquor & Junior Market, Inc.

Long Beach, CA · Convenience Retailers · NAICS 445131

Cedar Liquor & Junior Market, Inc. is a convenience retailer in Long Beach, California, classified under NAICS 445131 (Convenience Retailers). The company was financed with an SBA 7(a) loan for a change of ownership of $680,000, approved on February 27, 2025 through Cathay Bank.

SBA 7(a) loan, change of ownership, approved Feb 27, 2025

$680,000 approvedLender: Cathay Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$680,000
SBA-guaranteed amount
$510,000 (75% of the approval)
Lender
Cathay Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
February 27, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,799 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-47
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 25% of acquisition loans in Convenience Retailers on this site.
  • Average acquisition loan in Convenience Retailers: $1,185,102.
  • Average acquisition loan in California: $1,688,228.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in California