Main Street Registry

Wgb Savannah, LLC

Savannah, GA · Drinking Places (Alcoholic Beverages) · NAICS 722410

Wgb Savannah, LLC is a drinking place (alcoholic beverages) in Savannah, Georgia. The company was financed with an SBA 7(a) loan for a change of ownership, with an SBA loan amount of $2.34 million approved by Pinnacle Bank on January 21, 2024.

SBA 7(a) loan, change of ownership, approved Jan 21, 2024

$2,340,000 approvedLender: Pinnacle Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,340,000
SBA-guaranteed amount
$1,755,000 (75% of the approval)
Lender
Pinnacle Bank, Nashville, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
January 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$31,575 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 26, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
31
Business type
Corporation
NAICS
722410, Drinking Places (Alcoholic Beverages)
Project location
Chatham County, GA
SBA district office
Georgia District Office
Congressional district
GA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 95% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
  • Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia