Preet & K Group Inc.
Preet & K Group Inc. is located in San Bernardino, CA, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $1,000,000 for a change of ownership on April 29, 2025.
SBA 7(a) loan, change of ownership, approved Apr 29, 2025
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- PCB Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 29, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,221 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- San Bernardino County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-31
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 49% 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
- GEH Liquor Inc, Los Angeles
- River and City Inc, Courtland
- Mja Dhillon Inc, San Bernardino
- Happy's Supermarket & Liquor, Downey
- GGR Multani Inc, Los Angeles
- Gur Ggg 3 Inc, Los Angeles
- L&M Liquor Inc, Los Angeles
- International Liquor, Northridge