The Continental House, Inc.
The Continental House, Inc. is located in Chicago, IL, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $1,800,000 for a change of ownership on March 12, 2025.
SBA 7(a) loan, change of ownership, approved Mar 12, 2025
- Gross approval
- $1,800,000
- SBA-guaranteed amount
- $1,350,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- March 12, 2040 (estimated, approval date plus term)
- Estimated monthly payment
- $18,796 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 82% 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 Illinois: $1,796,780.
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 Illinois
- Amar Market 2 LLC, Bradley
- Lundeen's Discount Liquors, Sycamore
- Brookfield Liquors, Brookfield
- Key City Mart LLC, Kankakee
- Aby & Summur, Inc., Chicago
- Woodfield Food & Liqour LLC, Schaumburg
- Lb Liquors, Inc., Gilberts
- Lifted Mart Corp., Chicago