White Horse Liquors
White Horse Liquors is a beer, wine, and liquor store located in Greenville, SC, classified under NAICS code 445310. The business was financed with an SBA 7(a) loan for a change of ownership, approved by First Bank on January 22, 2024, in the amount of $1,227,000.
SBA 7(a) loan, change of ownership, approved Jan 22, 2024
$1,227,000 approvedLender: First Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,227,000
- SBA-guaranteed amount
- $920,250 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 22, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $11,585 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 445310, Beer, Wine, and Liquor Stores
- Project location
- Greenville County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Beer, Wine, and Liquor Stores: $1,453,500.
- Average acquisition loan in South Carolina: $1,827,509.
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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