Main Street Registry

Tipsy World of beverage Corporation

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

Tipsy World of beverage Corporation is a beer, wine, and liquor retailer located in Atlanta, Georgia. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $685,000, approved on December 7, 2023 by Embassy National Bank.

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

$685,000 approvedLender: Embassy National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$685,000
SBA-guaranteed amount
$513,750 (75% of the approval)
Lender
Embassy National Bank, Lawrenceville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
December 7, 2033 (estimated, approval date plus term)
Estimated monthly payment
$8,864 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 15, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Fulton County, GA
SBA district office
Georgia District Office
Congressional district
GA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 22% 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 Georgia: $2,017,638.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Georgia