Main Street Registry

Beverage 21 and Bar

Baltimore, MD · Beer, Wine, and Liquor Retailers · NAICS 445320

Beverage 21 and Bar is a business located in Baltimore, Maryland, in the Beer, Wine, and Liquor Retailers industry. It was financed with an SBA 7(a) loan for a change of ownership totaling $1,735,000, approved on September 27, 2024 by Open Bank, and the loan lists 5 jobs.

SBA 7(a) loan, change of ownership, approved Sep 27, 2024

$1,735,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,735,000
SBA-guaranteed amount
$1,301,250 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
September 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,073 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Baltimore County, MD
SBA district office
Baltimore District Office
Congressional district
MD-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 81% 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 Maryland: $1,627,337.

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 Maryland