Main Street Registry

Jai Maharaj Beverage LLC

Burlington, NJ · Beer, Wine, and Liquor Retailers · NAICS 445320

Jai Maharaj Beverage LLC, located in Burlington, NJ, operates in the beer, wine, and liquor retail industry (NAICS 445320). The company was financed with an SBA 7(a) loan for a change of ownership of $3,450,000, approved on November 12, 2024, through Hanover Community Bank.

SBA 7(a) loan, change of ownership, approved Nov 12, 2024

$3,450,000 approvedLender: Hanover Community Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,450,000
SBA-guaranteed amount
$2,587,500 (75% of the approval)
Lender
Hanover Community Bank, Mineola, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
November 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$29,545 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Burlington County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 93% 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 Jersey: $1,626,307.

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 Jersey