Main Street Registry

Kultej Business Ventures, Inc.

Zimmerman, MN · Beer, Wine, and Liquor Retailers · NAICS 445320

Kultej Business Ventures, Inc. is a beer, wine, and liquor retailer located in Zimmerman, Minnesota. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $581,500, approved by Falcon National Bank on November 19, 2023.

SBA 7(a) loan, change of ownership, approved Nov 19, 2023

$581,500 approvedLender: Falcon National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$581,500
SBA-guaranteed amount
$436,125 (75% of the approval)
Lender
Falcon National Bank, Foley, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
November 19, 2048 (estimated, approval date plus term)
Estimated monthly payment
$5,490 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 27, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Sherburne County, MN
SBA district office
Minnesota District Office
Congressional district
MN-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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 Minnesota: $1,482,119.

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 Minnesota