Thorpe's Wines & Spirit
Thorpe's Wines & Spirit is a beer, wine, and liquor retailer in East Greenwich, RI. The company was approved for an SBA 504 loan to finance real estate or equipment through an SBA 504 loan, with an SBA portion of $1,236,000, approved on February 26, 2026 through Bay Colony Development Corporation and Centreville Bank.
SBA 504 loan, approved Feb 26, 2026
$1,236,000 SBA portionCDC: Bay Colony Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,236,000
- Bank portion
- $1,500,000
- Estimated project size
- $3,040,000 (estimated)
- Estimated owner equity
- $304,000 (estimated, about 10% of the project)
- Bank lender
- Centreville Bank, West Warwick, RI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 26, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Kent County, RI
- SBA district office
- Rhode Island District Office
- Congressional district
- RI-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 36% of expansion loans in Beer, Wine, and Liquor Retailers on this site.
- Average expansion loan in Beer, Wine, and Liquor Retailers: $1,620,045.
- Average expansion loan in Rhode Island: $1,662,733.
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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