Main Street Registry

Fyre Beverage Outlet Inc

Macon, GA · Beer, Wine, and Liquor Retailers · NAICS 445320

Fyre Beverage Outlet Inc is a beer, wine, and liquor retailer located in Macon, Georgia. The business was financed with an SBA 7(a) loan for a change of ownership of $4.64 million, approved by Metro City Bank on June 25, 2024.

SBA 7(a) loan, change of ownership, approved Jun 25, 2024

$4,640,000 approvedLender: Metro City Bank25 years termPaid in fullLoan details
Gross approval
$4,640,000
SBA-guaranteed amount
$3,480,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
June 25, 2049 (estimated, approval date plus term)
Estimated monthly payment
$40,540 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 30, 2024
Loan status
Paid in full
Jobs supported
7
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Bibb County, GA
SBA district office
Georgia District Office
Congressional district
GA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 96% 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 Georgia: $2,017,638.

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 Georgia