Main Street Registry

Mkh Liquors, Inc.

Detroit, MI · Beer, Wine, and Liquor Retailers · NAICS 445320

MKH Liquors, Inc. is a beer, wine, and liquor retailer located in Detroit, Michigan, classified under NAICS code 445320. The company was financed with an SBA 7(a) loan for a change of ownership totaling $800,700, approved on November 24, 2023 by TowneBank.

SBA 7(a) loan, change of ownership, approved Nov 24, 2023

$800,700 approvedLender: TowneBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$800,700
SBA-guaranteed amount
$600,525 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
November 24, 2048 (estimated, approval date plus term)
Estimated monthly payment
$7,418 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 30, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% 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 Michigan: $1,645,728.

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 Michigan