Main Street Registry

Virk and Joshan Enterprises LLC

Denver, CO · Beer, Wine, and Liquor Retailers · NAICS 445320

Virk and Joshan Enterprises LLC is a beer, wine, and liquor retailer located in Denver, Colorado. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $650,000, approved on June 5, 2024, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jun 5, 2024

$650,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$650,000
SBA-guaranteed amount
$487,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
June 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,590 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Denver County, CO
SBA district office
Colorado District Office
Congressional district
CO-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 17% 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 Colorado: $1,608,658.

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 Colorado