Main Street Registry

Skylight Liquor

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

Skylight Liquor is a beer, wine, and liquor retailer located in Wayne, Michigan. The business was financed with an SBA 7(a) loan for a change of ownership of $625,000, approved on March 20, 2024, by Centerstone SBA Lending, Inc.

SBA 7(a) loan, change of ownership, approved Mar 20, 2024

$625,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$625,000
SBA-guaranteed amount
$468,750 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
March 20, 2049 (estimated, approval date plus term)
Estimated monthly payment
$5,901 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 15% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Michigan