Main Street Registry

Yangchi Liquor LLC

Maplewood, MN · Beer, Wine, and Liquor Retailers · NAICS 445320

Yangchi Liquor LLC is located in Maplewood, MN, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $794,000 for a change of ownership on November 24, 2023.

SBA 7(a) loan, change of ownership, approved Nov 24, 2023

Gross approval
$794,000
SBA-guaranteed amount
$595,500 (75% of the approval)
Lender
Hiawatha National Bank, Hager City, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
November 24, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,274 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 5, 2023
Loan status
Paid in full
Jobs supported
2
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Ramsey County, MN
SBA district office
Minnesota District Office
Congressional district
MN-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Minnesota