Main Street Registry

Independent Way Wine & Spirits LLC

Brewster, NY · Beer, Wine, and Liquor Retailers · NAICS 445320

Independent Way Wine & Spirits LLC is a beer, wine, and liquor retailer located in Brewster, NY. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1.25 million, approved by NewBank on September 26, 2024.

SBA 7(a) loan, change of ownership, approved Sep 26, 2024

$1,250,000 approvedLender: NewBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,250,000
SBA-guaranteed amount
$937,500 (75% of the approval)
Lender
NewBank, Flushing, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
September 26, 2034 (estimated, approval date plus term)
Estimated monthly payment
$16,519 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Putnam County, NY
SBA district office
New York District Office
Congressional district
NY-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 65% 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 New York: $1,771,512.

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 New York