Main Street Registry

Shri Vinayaka LLC

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

Shri Vinayaka LLC is located in Cumming, GA, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on November 21, 2023.

SBA 7(a) loan, change of ownership, approved Nov 21, 2023

Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
November 21, 2048 (estimated, approval date plus term)
Estimated monthly payment
$43,685 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 28, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Forsyth County, GA
SBA district office
Georgia District Office
Congressional district
GA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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