Main Street Registry

The New Swig Bottle Shoppe Inc

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

The New Swig Bottle Shoppe Inc, located in Luthersville, GA, operates in the beer, wine, and liquor retail industry (NAICS 445320). It was financed with an SBA 7(a) loan for a change of ownership of $642,000, approved on December 3, 2024 by BayFirst National Bank.

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

$642,000 approvedLender: BayFirst National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$642,000
SBA-guaranteed amount
$481,500 (75% of the approval)
Lender
BayFirst National Bank, Saint Petersburg, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
December 3, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,663 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Meriwether County, GA
SBA district office
Georgia District Office
Congressional district
GA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 16% 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.

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Same industry in Georgia