Majestic Wine & Liquor
Majestic Wine & Liquor, located in Memphis, Tennessee, is classified under the SBA industry Beer, Wine, and Liquor Retailers. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,898,000, approved on January 22, 2026, through the lender Open Bank. The loan is reported with a term of 120 months and 6 jobs.
SBA 7(a) loan, change of ownership, approved Jan 22, 2026
$1,898,000 approvedLender: Open Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,898,000
- SBA-guaranteed amount
- $1,423,500 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 22, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $23,532 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Shelby County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 83% 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 Tennessee: $1,738,925.
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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