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JG82 Enterprises LLC

Covington, GA · Drinking Places (Alcoholic Beverages) · NAICS 722410

JG82 Enterprises LLC, located in Covington, GA, operates in the drinking places (alcoholic beverages) industry under NAICS code 722410. The company was financed with an SBA 7(a) loan for a change of ownership of $2.2 million, approved on April 1, 2024, by Commonwealth Business Bank.

SBA 7(a) loan, change of ownership, approved Apr 1, 2024

$2,194,000 approvedLender: Commonwealth Business Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,194,000
SBA-guaranteed amount
$1,645,500 (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%, variable
Term
25 years (300 months)
Estimated maturity
April 1, 2049 (estimated, approval date plus term)
Estimated monthly payment
$19,937 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 9, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
722410, Drinking Places (Alcoholic Beverages)
Project location
Newton County, GA
SBA district office
Georgia District Office
Congressional district
GA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 93% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
  • Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
  • 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