Danny's Wine & Spirits Inc.
Danny's Wine & Spirits Inc. is located in Los Angeles, CA, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $686,000 for a change of ownership on September 4, 2024.
SBA 7(a) loan, change of ownership, approved Sep 4, 2024
- Gross approval
- $686,000
- SBA-guaranteed amount
- $514,500 (75% of the approval)
- Lender
- Commonwealth Business Bank, Los Angeles, CA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 4, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,257 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 2, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-33
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 22% 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 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.
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Same industry in California
- GEH Liquor Inc, Los Angeles
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- L&M Liquor Inc, Los Angeles
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