Main Street Registry

Liquor Locker 214 LLC

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

Liquor Locker 214 LLC is a beer, wine, and liquor retailer located in Augusta, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $928,700 from The Bancorp Bank National Association, approved on June 3, 2024.

SBA 7(a) loan, change of ownership, approved Jun 3, 2024

$928,700 approvedLender: The Bancorp Bank National Association211 months termStatus not reported (SBA exemption)Loan details
Gross approval
$928,700
SBA-guaranteed amount
$696,525 (75% of the approval)
Lender
The Bancorp Bank National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
17 years, 7 months (211 months)
Estimated maturity
January 3, 2042 (estimated, approval date plus term)
Estimated monthly payment
$9,070 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Richmond County, GA
SBA district office
Georgia District Office
Congressional district
GA-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 45% 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