Eddies Liquor Jr Market 2
Eddies Liquor Jr Market 2 is a beer, wine, and liquor retailer in Lynwood, California. It was financed with an SBA 7(a) loan for a change of ownership of $616,000, approved on March 11, 2025, by American Continental Bank.
SBA 7(a) loan, change of ownership, approved Mar 11, 2025
$616,000 approvedLender: American Continental Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $616,000
- SBA-guaranteed amount
- $462,000 (75% of the approval)
- Lender
- American Continental Bank, City of Industry, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 11, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,803 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 12, 2025
- 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-44
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 14% 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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