Detroit City Distillery, LLC
Detroit City Distillery, LLC is a distillery located in Detroit, Michigan, classified under NAICS code 312140 (Distilleries). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,081,000, approved on September 5, 2024, through The Huntington National Bank and the Michigan Certified Development Corporation.
SBA 504 loan, approved Sep 5, 2024
$1,081,000 SBA portionCDC: Michigan Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,081,000
- Bank portion
- $1,359,150
- Estimated project size
- $2,711,278 (estimated)
- Estimated owner equity
- $271,128 (estimated, about 10% of the project)
- Bank lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 5, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 312140, Distilleries
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-13
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Average expansion loan in Distilleries: $2,008,400.
- Average expansion loan in Michigan: $2,050,489.
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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