Main Street Registry

United Liquor Inc.

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

United Liquor Inc. is a beer, wine, and liquor retailer located in Dearborn, Michigan, in the beer, wine, and liquor retailers industry (NAICS 445320). The business was financed with an SBA 7(a) loan for a change of ownership of $752,500, approved on November 9, 2023, by The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Nov 9, 2023

$752,500 approvedLender: The Huntington National Bank21 years termStatus not reported (SBA exemption)Loan details
Gross approval
$752,500
SBA-guaranteed amount
$564,375 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.99%, fixed
Term
21 years (252 months)
Estimated maturity
November 9, 2044 (estimated, approval date plus term)
Estimated monthly payment
$6,652 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 29, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Wayne County, MI
SBA district office
Michigan District Office
Congressional district
MI-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 28% 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