Main Street Registry

New Castle Liquors

New Castle, CO · Beer, Wine, and Liquor Retailers · NAICS 445320

New Castle Liquors is a beer, wine, and liquor retailer in New Castle, CO. It was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $592,000 approved by Hanmi Bank on July 26, 2024.

SBA 7(a) loan, change of ownership, approved Jul 26, 2024

$592,000 approvedLender: Hanmi Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$592,000
SBA-guaranteed amount
$444,000 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
July 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,988 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Garfield County, CO
SBA district office
Colorado District Office
Congressional district
CO-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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 Colorado: $1,608,658.

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 Colorado