Main Street Registry

S & S Bala INC

Saint Paul, MN · Beer, Wine, and Liquor Retailers · NAICS 445320

S & S Bala INC is a beer, wine, and liquor retailer located in Saint Paul, Minnesota, classified under NAICS code 445320. The company was financed with an SBA 7(a) loan for a change of ownership totaling $756,000, approved on October 12, 2024, through Hiawatha National Bank.

SBA 7(a) loan, change of ownership, approved Oct 12, 2024

$756,000 approvedLender: Hiawatha National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$756,000
SBA-guaranteed amount
$567,000 (75% of the approval)
Lender
Hiawatha National Bank, Hager City, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
October 12, 2034 (estimated, approval date plus term)
Estimated monthly payment
$9,577 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
6
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Ramsey County, MN
SBA district office
Minnesota District Office
Congressional district
MN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 29% 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 Minnesota: $1,482,119.

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 Minnesota