Royalty Foods
Royalty Foods is a beer, wine, and liquor retailer located in Detroit, Michigan, with NAICS code 445320. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,260,000, approved on September 16, 2025, through United FCU.
SBA 7(a) loan, change of ownership, approved Sep 16, 2025
$1,260,000 approvedLender: United FCU25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,260,000
- SBA-guaranteed amount
- $945,000 (75% of the approval)
- Lender
- United FCU, Saint Joseph, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 16, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $11,672 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Wayne County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 66% 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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