JJS Corner Liquors LLC
JJS Corner Liquors LLC is located in Clear Spring, MD, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $807,700 for a change of ownership on November 30, 2023.
SBA 7(a) loan, change of ownership, approved Nov 30, 2023
- Gross approval
- $807,700
- SBA-guaranteed amount
- $605,775 (75% of the approval)
- Lender
- Bank of Clarke, Berryville, VA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 30, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $10,674 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 6, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Washington County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 35% 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 Maryland: $1,627,337.
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 Maryland
- Pr Venture LLC, Frederick
- YS Stride LLC, Reisterstown
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- Flower Hill Beer & Wine, Gaithersburg
- Pab Sai Inc., Baltimore
- Roland Park Wines & Liquors, Baltimore
- Dundalk Liquors, Dundalk