Stateline Liquor Store, LLC
Stateline Liquor Store, LLC is located in Canaan, CT, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $1,000,000 for a change of ownership on February 25, 2025.
SBA 7(a) loan, change of ownership, approved Feb 25, 2025
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Santander Bank, National Association, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,668 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- NW Hills County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 49% 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 Connecticut: $1,992,959.
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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