Main Street Registry

Joe's Bottle Shop

Austell, GA · Beer, Wine, and Liquor Retailers · NAICS 445320

Joe's Bottle Shop is a beer, wine, and liquor retailer in Austell, GA, classified under NAICS code 445320. It was financed with an SBA 7(a) loan for a change of ownership, approved on September 6, 2024, in the amount of $5 million through Metro City Bank.

SBA 7(a) loan, change of ownership, approved Sep 6, 2024

$5,000,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
September 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$42,819 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 21, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Douglas County, GA
SBA district office
Georgia District Office
Congressional district
GA-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 97% 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 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Georgia