Main Street Registry

Venice Beach Wine Club LLC

Venice, CA · Full-Service Restaurants · NAICS 722511

Venice Beach Wine Club LLC is a full-service restaurant business in Venice, CA, classified under NAICS 722511 (Full-Service Restaurants) and operating for more than two years. The company financed real estate or equipment through an SBA 504 loan of $1,437,000, approved on January 27, 2025, with Bank of America N.A. as the lender and California Statewide Certified Development Corporation as the certified development company.

SBA 504 loan, approved Jan 27, 2025

$1,437,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,437,000
Bank portion
$1,575,000
Estimated project size
$3,346,667 (estimated)
Estimated owner equity
$334,667 (estimated, about 10% of the project)
Bank lender
Bank of America N.a., Charlotte, NC
CDC
California Statewide Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 27, 2050 (estimated, approval date plus term)
First disbursement
Jun 11, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-33
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 44% of expansion loans in Full-Service Restaurants on this site.
  • Average expansion loan in Full-Service Restaurants: $1,813,082.
  • Average expansion loan in California: $2,161,468.

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