Three Star Liquor Inc
Three Star Liquor Inc is located in Los Angeles, CA, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $630,500 for a change of ownership on January 12, 2024.
SBA 7(a) loan, change of ownership, approved Jan 12, 2024
- Gross approval
- $630,500
- SBA-guaranteed amount
- $472,875 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,420 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-37
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 15% 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
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- GGR Multani Inc, Los Angeles
- Gur Ggg 3 Inc, Los Angeles
- L&M Liquor Inc, Los Angeles
- International Liquor, Northridge