Main Street Registry

SSG Liquors LLC

Salem, MA · Beer, Wine, and Liquor Retailers · NAICS 445320

SSG Liquors LLC, located in Salem, MA, operates in the beer, wine, and liquor retail industry (NAICS 445320). The company was financed with an SBA 7(a) loan for a change of ownership of $723,600, approved April 19, 2024 by Rockland Trust Company, with a term of 84 months.

SBA 7(a) loan, change of ownership, approved Apr 19, 2024

$723,600 approvedLender: Rockland Trust Company7 years termCommitted, not fully disbursedLoan details
Gross approval
$723,600
SBA-guaranteed amount
$542,700 (75% of the approval)
Lender
Rockland Trust Company, Rockland, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.75%, fixed
Term
7 years (84 months)
Estimated maturity
April 19, 2031 (estimated, approval date plus term)
Estimated monthly payment
$10,833 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
6
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Essex County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 26% 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 Massachusetts: $1,643,977.

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 Massachusetts