Main Street Registry

Neelkanth Varni LLC

Duluth, GA · Beer, Wine, and Liquor Retailers · NAICS 445320

Neelkanth Varni LLC is a beer, wine, and liquor retailer located in Duluth, Georgia. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3.5 million, approved on April 10, 2025 by Metro City Bank.

SBA 7(a) loan, change of ownership, approved Apr 10, 2025

$3,500,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,500,000
SBA-guaranteed amount
$2,625,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
April 10, 2050 (estimated, approval date plus term)
Estimated monthly payment
$28,183 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Gwinnett County, GA
SBA district office
Georgia District Office
Congressional district
GA-06
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 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