Main Street Registry

Streator Liquors

Streator, IL · Beer, Wine, and Liquor Retailers · NAICS 445320

Streator Liquors is a beer, wine, and liquor retailer in Streator, Illinois, classified under NAICS code 445320. The business was financed with an SBA 7(a) loan for a change of ownership, approved on January 31, 2025, in the amount of $500,000 through Southwestern National Bank. The loan was reported with 3 jobs.

SBA 7(a) loan, change of ownership, approved Jan 31, 2025

$500,000 approvedLender: Southwestern National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
Southwestern National Bank, Houston, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
January 31, 2050 (estimated, approval date plus term)
Estimated monthly payment
$4,111 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
La Salle County, IL
SBA district office
Illinois District Office
Congressional district
IL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Beer, Wine, and Liquor Retailers: $1,337,023.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois