Main Street Registry

Vin-Jims Discount Liquors

New Hyde Park, NY · Beer, Wine, and Liquor Retailers · NAICS 445320

Vin-Jims Discount Liquors is a beer, wine, and liquor retailer in New Hyde Park, New York. The business was financed with an SBA 7(a) loan for a change of ownership, approved on June 1, 2024 by Hanmi Bank for $918,000.

SBA 7(a) loan, change of ownership, approved Jun 1, 2024

$918,000 approvedLender: Hanmi Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$918,000
SBA-guaranteed amount
$688,500 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
June 1, 2049 (estimated, approval date plus term)
Estimated monthly payment
$8,181 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Nassau County, NY
SBA district office
New York District Office
Congressional district
NY-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 43% 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 New York: $1,771,512.

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 New York