Main Street Registry

Damo Liquor

Westminster, CO · Beer, Wine, and Liquor Retailers · NAICS 445320

Damo Liquor, located in Westminster, CO, operates in the beer, wine, and liquor retail industry (NAICS 445320). The business was financed with an SBA 7(a) loan for a change of ownership, totaling $1,297,000, through Hanmi Bank with approval dated May 9, 2025.

SBA 7(a) loan, change of ownership, approved May 9, 2025

$1,297,000 approvedLender: Hanmi Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,297,000
SBA-guaranteed amount
$972,750 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
May 9, 2050 (estimated, approval date plus term)
Estimated monthly payment
$10,884 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Adams County, CO
SBA district office
Colorado District Office
Congressional district
CO-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 69% 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 Colorado: $1,608,658.

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 Colorado