Craft Beverage Concepts LLC
Craft Beverage Concepts LLC is located in LaGrange, GA, and the SBA lists its industry as Breweries. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on October 8, 2024.
SBA 7(a) loan, change of ownership, approved Oct 8, 2024
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 8, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $64,699 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 59
- Business type
- Corporation
- NAICS
- 312120, Breweries
- Project location
- Troup County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Breweries: $1,771,438.
- Average acquisition loan in Georgia: $2,017,638.
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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