Guru Champs Liquor LLC
Guru Champs Liquor LLC is a beer, wine, and liquor retailer located in Pascoag, Rhode Island. The company was financed with an SBA 7(a) loan for a change of ownership of $620,000, approved on August 29, 2025 by Rockland Trust Company.
SBA 7(a) loan, change of ownership, approved Aug 29, 2025
$620,000 approvedLender: Rockland Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $620,000
- SBA-guaranteed amount
- $465,000 (75% of the approval)
- Lender
- Rockland Trust Company, Rockland, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,199 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Providence County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- 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 Rhode Island: $1,739,073.
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 Rhode Island
- Thorpe's Wines & Spirit, East Greenwich
- Guru RJHill LLC, Woonsocket