Main Street Registry

JENR Investments, Inc.

Riverside, CA · Beer, Wine, and Liquor Retailers · NAICS 445320

JENR Investments, Inc. is a business in Riverside, CA, in the beer, wine, and liquor retail industry (NAICS 445320). It was financed with an SBA 7(a) loan for a change of ownership of $750,000, approved by Commonwealth Business Bank on January 29, 2024.

SBA 7(a) loan, change of ownership, approved Jan 29, 2024

$750,000 approvedLender: Commonwealth Business Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$750,000
SBA-guaranteed amount
$562,500 (75% of the approval)
Lender
Commonwealth Business Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
January 29, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,015 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-41
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 27% 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 California: $1,688,228.

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 California