Main Street Registry

Tony's Beer, LLC

Ellwood City, PA · Beer, Wine, and Liquor Retailers · NAICS 445320

Tony's Beer, LLC is a beer, wine, and liquor retailer in Ellwood City, Pennsylvania. The business was financed with an SBA 7(a) loan for a change of ownership of $667,000, approved on December 12, 2024 by Hanover Community Bank.

SBA 7(a) loan, change of ownership, approved Dec 12, 2024

$667,000 approvedLender: Hanover Community Bank185 months termStatus not reported (SBA exemption)Loan details
Gross approval
$667,000
SBA-guaranteed amount
$500,250 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
15 years, 5 months (185 months)
Estimated maturity
May 12, 2040 (estimated, approval date plus term)
Estimated monthly payment
$7,291 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Lawrence County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 20% 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 Pennsylvania: $1,636,965.

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 Pennsylvania